Hammerson PLC (HMSOLN)

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Hammerson PLC (HMSOLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	HMSOLN	Hammerson PLC	£400		1	EMEA	Oct 2, 2024

Tranche #1Hammerson PLC

currency

GBP

size (m)

400.000

maturity

Oct 8, 2036

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa2

s&p

fitch

BBB+

size description

re-open/tap

ipt

G+215 a

ipt-pxd

guidance

G+190 a

spread

183

coupon

5.875%

spread set

price

98.66600

yield

5.946%

book size (m)

2,400

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,400

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

12 yr: Book size: 2400; Registration: Reg S Only; Comments: GBP400m 12yr snr unsec bmk RegS. Baa2/NR/BBB+. Barc/BNPP(B&D)/Lloyds(log)/Miz. With tender offers. IPTs UKT 4.25% 03/07/36 +215 area, guidance UKT+190 area for exp 400m, launch 400m at UKT+183. Final books 2.4bn+ (peak 2.6bn+). HR: 94% vs UKT 4.25% Mar 2036 (@ 101.21 mid / 101.175 bid / 4.116% S.A). FTT 5pm. Par Call: 3m. MWC: G+30bp. CoC: 100%. LEI: 213800G1C9KKVVDN1A60;

Use of Proceeds

Financing the tender offer and general corporate purposes

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