Next Group PLC (NXTLN)

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Next Group PLC (NXTLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	NXTLN	Next Group PLC	£300		1	EMEA	Jul 9, 2025

Tranche #1Next Group PLC

currency

GBP

size (m)

300.000

maturity

Jul 17, 2031

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB

fitch

size description

re-open/tap

ipt

G+115 a

ipt-pxd

guidance

G+95-100

spread

coupon

5.00%

spread set

price

99.77700

yield

5.044%

book size (m)

950

peak book (m)

x-covered

3.17

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

950

peak book (m)

x-covered

3.17

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 950; Registration: Reg S Only; Comments: GBP300 6 yr cpn 5.00% at 99.777, yld 5.044%. Spread: G+95bps. UKT 0.25% due Jul-2031 @ 79.852 mid, 79.832 bid (HR 110%). CoC: 100%. Par Call: 3m. MWC: G+15bps. LEI: 213800O8TRZCFJ9R5760;

Guarantor(s)

NEXT PLC

Use of Proceeds

Payment of the consideration for the tender and general corporate purposes

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