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Commentary & Deal Flow

NEW ISSUE: CPPIB Capital Inc. £ bmk 4yr Sr Unsec; SONIA MS+40a

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

CPPIB Capital Inc.

4yr

22-Oct-30

bmk

Sr Unsec

Fixed

SONIA MS+40a


Guidance: 4yr: SONIA MS+40a


  • Issuer: CPPIB Capital Inc. (CPPIBC)
  • Guarantor: Canada Pension Plan Investment Board (CPP Investments)
  • Rating: Aaa (stable) / AAA (stable) / AAA (stable) (Moody's/S&P/Fitch)
  • Format: Reg S Registered
  • Size: £ Benchmark
  • Settle: 21-Sep-26 (T+5)
  • Maturity: 22-Oct-30
  • Guidance: SONIA MS (A, A/365) + 40bps area (~UKT 0 ⅜ 22-Oct-30 (MID) +24bps)
  • Coupon: TBD, Annual, ACT/ACT (long first to the 22-Oct-27)
  • Denoms: £250k + £1k
  • Docs: Issuer's Debt Issuance Programme
  • Listing: Euronext Dublin (GEM)
  • Law: New York
  • Tgt Mkt: Professional / Eligible Counterparties (all Distribution channels as defined under UK MiFIR / MIFID II)
  • Leads: BofA / NatWest / RBC CM / TD Securities
  • Timing: Today's business