Just Group PLC (JUSTLN)

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Just Group PLC (JUSTLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	JUSTLN	Just Group PLC	£400		1	EMEA	Sep 10, 2024

Tranche #1Just Group PLC

currency

GBP

size (m)

400.000

maturity

Mar 30, 2035

type

Fixed

tenor

10.500

call

registration

Reg S Only

benchmark

ranking

Subordinated

moody's

s&p

fitch

BBB

size description

re-open/tap

ipt

G+320 a

ipt-pxd

guidance

G+300

spread

300

coupon

6.875%

spread set

price

99.97400

yield

6.878%

book size (m)

930

peak book (m)

x-covered

2.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

930

peak book (m)

x-covered

2.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10.5 yr: Book size: 930; First Pay: 2025-03-30; Registration: Reg S Only; Comments: GBP400m 10.5yr sustainability Tier 2 RegS. NR/NR/BBB. JLM/Struct HSBC(B&D)/MS. JLMs DB/RBC. IPTs UKT 0.625% Jul 2035 +320 area, launch 400m at +300. Final books 930m+ at reoffer (peak 1bn+). HR 101% vs Bmk 0.625% July 2035 (HR 101%). FTT 3:45pm. With tender for GBP250m 9% due 2026 / GBP125m 8.125% sub T2 due 2029 / GBP250m sub T2 due Sep 2024. LEI: 5493006456YEZEELRR90;

Deal Comments

Tier 2 Sustainability Notes

Use of Proceeds

General Corporate Purposes

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