NEW ISSUE: Babcock International Group £250m (WNG) 5y Sr Unsec; G+110/115bp
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
ISIN
IPT
Babcock International Group
5y
14-Jul-31
£250m (WNG)
Sr Unsec
Fixed
XS3437585022
G+110/115
IPTs: 5y: G+110/115bp
Issuer:Babcock International Group PLC
Ticker: BABLN
Country: GB
Issuer LEI: 213800TSKOLX4EU6L377
Issuer Rating (S&P): BBB+ (stable)
Expected Issue Rating (S&P): BBB+
Format: Senior, Unsecured, Bearer, NGN, Reg S
Currency: £
Size: £250m (WNG)
Pricing Date: 07-Jul-26
Settlement Date: 14-Jul-26 (T+5)
Maturity Date: 14-Jul-31
IPTs: Mid G+110/115bps
Government Benchmark: UKT 0.250% due July 2031
Coupon: Fixed, Annual, ACT/ACT (ICMA)
Use of Proceeds: General Corporate Purposes
Denominations: £100k + £1k
Issuer Call Option: 3 Month Par Call, Make Whole Call
Change of Control Put Option: Applicable, as more fully described in the Base Prospectus
Listing: London Stock Exchange (Main Market)
Governing Law: English
Settlement: Euroclear / Clearstream, Luxembourg
Documentation: The Notes will be issued pursuant to the Base Prospectus dated 03 March 2026 under the £3,000,000,000 Euro Medium Term Note Programme and the relevant final terms
Joint Active Bookrunners: HSBC, NatWest (B&D), Santander
ISIN / Common Code: XS3437585022 / 343758502
Selling Restrictions: US: Regulation S Category 2. Not Rule 144A eligible. TEFRA D. No Sales to EEA or UK Retail.
Target Market: Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs key information document (KID) or UK CCI disclosure document has been prepared as not available to retail in EEA or the UK.