Motability Operations Group PLC (MOTOPG)

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Motability Operations Group PLC (MOTOPG)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	MOTOPG	Motability Operations Group PLC	-		3	EMEA	Jan 15, 2025

Tranche #1Motability Operations Group PLC

currency

EUR

size (m)

750.000

maturity

Jan 22, 2033

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+160-165

ipt-pxd

-34.5

guidance

MS+135 area

spread

128

coupon

3.625%

spread set

price

99.17700

yield

3.746%

book size (m)

3,700

peak book (m)

4,000

x-covered

4.93

book attrition

-7.50%

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

3,700

peak book (m)

4,000

x-covered

4.93

book attrition

-7.50%

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #2Motability Operations Group PLC

currency

EUR

size (m)

650.000

maturity

Jan 22, 2037

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+185-190

ipt-pxd

-34.5

guidance

MS+160 area

spread

153

coupon

4.00%

spread set

price

99.37400

yield

4.067%

book size (m)

2,700

peak book (m)

3,100

x-covered

4.15

book attrition

-12.90%

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,700

peak book (m)

3,100

x-covered

4.15

book attrition

-12.90%

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #3Motability Operations Group PLC

currency

GBP

size (m)

350.000

maturity

Jan 22, 2045

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

G+135 area

ipt-pxd

-20

guidance

G+115#

spread

115

coupon

6.25%

spread set

price

98.66500

yield

6.369%

book size (m)

2,400

peak book (m)

x-covered

6.86

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

6.86

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 3700; Registration: Reg S Only; Comments: EUR750m 8yr (01/22/2033), cpn 3.625% at 99.177, yld 3.746%. MWC: B+20bps. Par Call: 3m. DBR 1.7% Aug-32 +135.0bps (bid 95.225, HR 102%). LEI: AZ3NL8JCZDCNUXFWI720; 12 yr: Book size: 2700; Registration: Reg S Only; Comments: EUR650m 12yr (01/22/2037), cpn 4.000% at 99.374, yld 4.067%. MWC: B+25bps. Par Call: 3m. DBR 4.0% Jan-37 +140.4bps (bid 113.540, HR 85%). LEI: AZ3NL8JCZDCNUXFWI720; 20 yr: Book size: 2400; Registration: Reg S Only; Comments: GBP350m 20yr (01/22/2045), cpn 6.250% at 98.665, yld 6.369%. MWC: G+20bp. Par Call: 3m. UKT 3.5% Jan-45 (bid 78.762, mid 78.812, HR 105%). LEI: AZ3NL8JCZDCNUXFWI720;

Deal Comments

Social Bond

Guarantor(s)

Motability Operations Ltd

Use of Proceeds

To finance or refinance Eligible Social Projects

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