No results found for "".

Commentary & Deal Flow

ALLOCATIONS OUT: RELX Finance B.V. €1bn 4.5yr & 9.5yr Sr Unsec; MS+63 & MS+110

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

ISIN

IPT

Guidance

Spread Set

RELX Finance B.V.

4.5yr

21-Mar-31

€500m

Sr Unsec

Fixed

XS3489959281

MS+90/95

MS+65a

MS+63

RELX Finance B.V.

9.5yr

21-Mar-36

€500m

Sr Unsec

Fixed

XS3489959877

MS+145/150

MS+115a

MS+110


Tranche 1 (4.5yr): Final Books >€1.3bn. Peak book >€1.5bn (good at guidance)
Tranche 2 (9.5yr): Final Books >€2.1bn. Peak book >€2.5bn (good at guidance)

Launched:
4.5yr: €500m @ MS+63bp - Books > €1.5bn (good at guidance)
9.5yr: €500m @ MS+110bp - Books > €2.5bn (good at guidance)
Guidance: 4.5yr: MS+65a 9.5yr: MS+115a - Combined books > €4bn
IPTs: 4.5yr: MS+90/95bp 9.5yr: MS+145/150bp


  • Issuer: RELX Finance B.V.
  • Issuer LEI: 54930086P8MBY4IN4E29
  • Guarantor (Ticker): RELX PLC (Ticker: RELLN)
  • Guarantor LEI: 549300WSX3VBUFFJOO66
  • Guarantor Ratings (M/S/F): A3 (stable) / A- (stable) / A- (stable)
  • Exp. Issue Ratings (M/S/F): A3 / A- / A-
  • Format: Senior, Unsecured, Reg S, Bearer NGN, Cat2
  • Settlement: 28-Sep-26 (T+5)
  • Currency: EUR
  • Size:
    • 4.5yr: €500m
    • 9.5yr: €500m
  • Tenor:
    • 4.5yr: 4.5yr FXD
    • 9.5yr: 9.5yr FXD
  • Coupon: FXD (Ann, ACT/ACT (ICMA))
  • Coupon Payment: Annually in arrear, payable on
  • Hedges:
    • 4.5yr: vs DBR 0% Feb-31 (HR: 108%)
    • 9.5yr: vs DBR 2.9 Feb-36 (HR: 97%)
  • Hedge Deadline: 16.45 CET / 15.45 UKT
  • B&D: JPM