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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
RELLN
Relx Finance BV€1,500
2EMEA
May 27, 2026
currency
EUR
size (m)
750.000
maturity
May 22, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
A-
fitch
A-
size description
-
re-open/tap
No
ipt
MS+85-90
ipt-pxd
-37.5
guidance
MS+55 area
spread
50
coupon
3.25%
spread set
-
price
99.96300
yield
3.264%
book size (m)
3,300
peak book (m)
3,300
x-covered
4.4
book attrition
0.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
book size (m)
3,300
peak book (m)
3,300
x-covered
4.4
book attrition
0.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
currency
EUR
size (m)
750.000
maturity
Jun 3, 2034
type
Fixed
tenor
8.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
A-
fitch
A-
size description
-
re-open/tap
No
ipt
MS+125-130
ipt-pxd
-34.5
guidance
MS+95 area
spread
93
coupon
3.75%
spread set
-
price
99.22100
yield
3.865%
book size (m)
2,100
peak book (m)
2,500
x-covered
2.8
book attrition
-16.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
book size (m)
2,100
peak book (m)
2,500
x-covered
2.8
book attrition
-16.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 3300; First Pay: 2027-05-22; Registration: Reg S Only; Comments: OBL 2.1% 04/29 @ 98.62 / 2.604% / b+66bps (HR: 103%). Tax Call: Yes. MWC: B+10. CoC: Yes. Clean-Up Call: 75%. LEI: 54930086P8MBY4IN4E29; Book size: 2100; First Pay: 2027-06-03; Registration: Reg S Only; Comments: DBR 2.2% 02/15/34 @ 95.38 / 2.875% / b+99bps (HR: 101%). Tax Call: Yes. MWC: B+15. CoC: Yes. Clean-Up Call: 75%. LEI: 54930086P8MBY4IN4E29;
Deal Comments
Max Size: EUR1.5bn
Guarantor(s)
RELX PLC
Use of Proceeds
General Corporate Purposes
Relative Value

COMPS

Bond

Rating (M/S&P/F)

Issue Date

Amount

Tenor

I-Spread

RELLN 0.500 3/28

A3/A-/A-

Mar-20

€800mm

1.8yr

ms+28bp

RELLN 3.750 6/31

A3/A-/A-

Jun-23

€750mm

5.0yr

ms+63bp

RELLN 0.875 3/32

A3/A-/A-

Mar-20

€500mm

5.8yr

ms+76bp

RELLN 3.375 3/33

A3/A-/A-

Mar-24

€850mm

6.8yr

ms+80bp