Commentary & Deal Flow

Babcock International Group PLC, the FTSE 100 international defence company, (ticker: "BABLN", country: GB) rated BBB+ (stable) by S&P, has mandated HSBC, NatWest and Santander as Active Bookrunners to arrange a series of fixed income investor calls commencing on Monday 6th July.

An expected £250m (WNG), Reg S, bearer, senior unsecured 5-year GBP offering will follow, subject to market conditions. The bond is expected to be rated BBB+ by S&P and will be issued pursuant to the Base Prospectus dated 03-Mar-26 under the issuer’s £3,000,000,000 EMTN Programme. The proceeds from the bond issue will be used for general corporate purposes.