Saltaire Finance PLC (SLTFIN)

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Saltaire Finance PLC (SLTFIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	SSA	PRCD	SLTFIN	Saltaire Finance PLC	£150		1	EMEA	Oct 1, 2024

Tranche #1Saltaire Finance PLC

currency

GBP

size (m)

150.000

maturity

Dec 1, 2033

type

Fixed

tenor

9.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

Aa3

s&p

fitch

size description

re-open/tap

Yes

ipt

G+55 a

ipt-pxd

guidance

spread

coupon

4.818%

spread set

price

103.24700

yield

4.383%

book size (m)

210

peak book (m)

x-covered

1.4

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

210

peak book (m)

x-covered

1.4

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

9 yr: Book size: 210; Registration: Reg S Only; Comments: GBP150m(GBP50m will be retained) tap of Dec 2033 snr sec RegS. Legal Maturity: 12/1/2035. Aa3/NR. HSBC/NatWest(B&D)/RBC. IPTs UKT 0.875% Jul 2033 +55 area, set UKT+50, launch 150m (50m will be retained). Books closed 210m+ (peak 220m+). UKT 0.875% July 2033 / price 77.698 / yield 3.883 / hedge price 77.668 (3c drop) / HR 118%. FTT 1.25pm. New Total: 644.5m, LEI: 2138005HL9O4VFW2HY47;

Deal Comments

GBP150m tap of 4.818% due 12/1/2033

Guarantor(s)

The Secretary of State for Levelling Up, Housing and Communities

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