Scottish Hydro Electric Transmission PLC (SSELN)

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Scottish Hydro Electric Transmission PLC (SSELN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SSELN	Scottish Hydro Electric Transmission PLC	€850		1	EMEA	Aug 28, 2024

Tranche #1Scottish Hydro Electric Transmission PLC

currency

EUR

size (m)

850.000

maturity

Sep 4, 2032

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+140 a

ipt-pxd

guidance

MS+105 a

spread

102

coupon

3.375%

spread set

price

99.23000

yield

3.487%

book size (m)

2,800

peak book (m)

x-covered

3.29

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,800

peak book (m)

x-covered

3.29

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 2800; Registration: Reg S Only; Comments: EUR850m 8yr green bmk snr unsec RegS. Baa1/BBB+/NR. BoC/Barc/BBVA/BNPP/MS(B&D)/NatWest. IPTs MS+140 area, guidance MS+105 area (+/-3 WPIR) for c.750m, launch 850m at MS+102. Final books 2.8bn (peak c.3.5bn). B+133.8 vs DBR 1.7% Aug 2032 (Px: 96.75 / HR: 96%). FTT 4:45pm. Cleanup Call: 80%. MWC: B+25. CoC: Yes. LEI: 549300ECJZDA7203MK64;

Deal Comments

Green Bond

Use of Proceeds

Refinancing of Eligible Green Projects

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