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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COMM
PRCD
TALKLN
TalkTalk Telecom Group PLC£575
1EMEA
Feb 13, 2020
currency
GBP
size (m)
575.000
maturity
Feb 20, 2025
type
Fixed
tenor
5.000
call
0.00
registration
Reg S Only
benchmark
-
ranking
-
moody's
NR
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
Low 4s
ipt-pxd
-
guidance
4.00% area (+/-0.125%).
spread
341
coupon
3.875%
spread set
-
price
100.00000
yield
3.875%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BOI, CMI, DNB, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BOI, CMI, DNB, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: Reg S Only; Comments: 02/13/2020 TalkTalk Telecom Group plc GBP575m (up from GBP500m) Reg S sr notes due 20-Feb-2025 (5y). NC2 (MWC G+50bp), then at 101.938, 100.969, 100. Equity claw: 2y 40% at 103.875. NR/BB-)/BB- (--/positive/stable). Via Barc/HSBC (B&D)/NatWest joint glocos/physical books, Bank of Ireland, CIC, DNB, ING, MUFG, Santander joint leads. No reg rights. List ISE. NY law. Interest pays Feb 20 / Aug 20, starting 20-Aug-2020. Settles Feb 20 (T+5). ISIN: XS2121167345. IPT low 4s. Px talk: 4.00% area (+/- 0.125%). Final pricing: GBP575m at 3.875%. Priced: 3.875% at 100. +341bp vs Gilt 5% 07/03/25. Roadshow Feb 11-12. Books closed at 10am UKT Feb 13. UOP: redeem its GBP400m 5.375% sr notes due 01/15/22 (callable at 101.344), repay GBP87m drawn on its revolver; GBP75m upsize UOP: pay down revolver. Biz: UK leading value-for-money provider of fixed-line connectivity services for residential and business customers.;

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