Gatwick Funding Ltd (GATAIR)

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Gatwick Funding Ltd (GATAIR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	GATAIR	Gatwick Funding Ltd	€750		1	EMEA	Oct 9, 2024

Tranche #1Gatwick Funding Ltd

currency

EUR

size (m)

750.000

maturity

Oct 16, 2035

type

Fixed

tenor

11.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Secured

moody's

Baa2

s&p

BBB+

fitch

BBB+

size description

re-open/tap

ipt

MS+160 a

ipt-pxd

guidance

MS+130 a

spread

125

coupon

3.625%

spread set

price

99.39700

yield

3.705%

book size (m)

2,400

peak book (m)

x-covered

3.2

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

3.2

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

11 yr: Book size: 2400; Redemption: 2033-10-16; Registration: Reg S Only; Comments: Inaugural EUR750m 11yr bmk snr sec SLB RegS. Baa2/BBB+/BBB+. Struc/actives Barc/CA-CIB, actives JPM(log)/NAB/Santan(B&D). IPTs MS+160 area, guidance MS+130 area, launch 750m at MS+125. Final books 2.4bn+ (peak ~3.1bn). B+151 vs DBR 2.6% 8/33 (Px 103.22 / HR 93%). FTT 4:40pm. Par Call: 3m. MWC: B+25bps. LEI: 213800NK8FA3GKS6X167;

Deal Comments

Sustainability-Linked Bond

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Gatwick Funding Ltd (GATAIR)

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