British Telecommunications PLC (BRITEL)

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British Telecommunications PLC (BRITEL)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COMM	PRCD	BRITEL	British Telecommunications PLC	£350		1	EMEA	Aug 27, 2024

Tranche #1British Telecommunications PLC

currency

GBP

size (m)

350.000

maturity

Dec 3, 2041

type

Fixed

tenor

17.250

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

G+155 a

ipt-pxd

guidance

G+135 a

spread

133

coupon

5.625%

spread set

price

98.87700

yield

5.732%

book size (m)

1,150

peak book (m)

x-covered

3.29

book attrition

nic

10.5

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,150

peak book (m)

x-covered

3.29

book attrition

nic

10.5

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

17.25 yr: Book size: 1150; Registration: Reg S Only; Comments: GBP350m 17.25yr (Dec 2041) snr unsec bmk RegS. Baa2/BBB/BBB. BofA(B&D)/BNPP/Miz/Santan. IPTs UKT 1.25% Oct 2041 G+155 area, guidance G+135 area (+/-2 wpir) for 350m, launch G+133. Final books c.1.15bn. HR 119% vs UKT 1.250% 10/22/41, FTT 3:45pm. Par Call: 3m. MWC: G+20bps. CoC: 100%. LEI: 549300OWFMSO9NYV4H90;

Guarantor(s)

BT Group PLC

Use of Proceeds

General Corporate Purposes

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