Gas Networks Ireland (BOGAEI)

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Gas Networks Ireland (BOGAEI)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	BOGAEI	Gas Networks Ireland	€300		1	EMEA	Sep 5, 2024

Tranche #1Gas Networks Ireland

currency

EUR

size (m)

300.000

maturity

Sep 12, 2030

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A+

fitch

re-open/tap

ipt

MS+120 a

ipt-pxd

guidance

MS+90 a

spread

coupon

3.25%

spread set

price

99.98900

yield

3.252%

book size (m)

1,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR300m WNG 6yr snr unsec RegS. A2/A+/NR. Active: Barc/BNPP(B&D)/Danske(log)/NatWest, Passive: Davy/Goodbody. IPTs MS+120 area, guidance MS+90 area, launch MS+85. Final books 1bn+ (peak 1.2bn+). DBR 0% Aug 2030 B+119.8 (@88.640), HR 104%. With Dec 2026 tender offer. FTT 4pm. Par Call: 3m. Cleanup Call: 80%. MWC: Yes. CoC: Yes. LEI: 54930043FTE0M50CGG56;

Deal Comments

Active Bookrunners: BNP(B&D), BRC, DAN, NTW. Passive Bookrunners: DAV, GBD

Use of Proceeds

Refinancing and general corporate purposes

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