Pearson Funding PLC (PSON)

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Pearson Funding PLC (PSON)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COMM	PRCD	PSON	Pearson Funding PLC	£350		1	EMEA	Sep 5, 2024

Tranche #1Pearson Funding PLC

currency

GBP

size (m)

350.000

maturity

Sep 12, 2034

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa2

s&p

fitch

BBB

size description

re-open/tap

ipt

G+175-180

ipt-pxd

guidance

G+155 a

spread

150

coupon

5.375%

spread set

price

99.19900

yield

5.408%

book size (m)

1,050

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,050

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 1050; Registration: Reg S Only; Comments: GBP350m 10yr Education bmk snr unsec RegS. Baa2/NR/BBB. BNPP/Citi(B&D)/JPM(log). IPTs G+175/+180, guidance UKT+155 area for 350m, launch UKT+150. Final books 1.05bn+ (peak 1.35bn+). UKT 4.5% 7 Sep 2034 (mid: 104.86 / bid: 104.85). FTT 4pm. MWC: G+25bps. CoC: 100%. LEI: 2138001ZJKQ5U81RMY52;

Guarantor(s)

Pearson PLC

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