| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 600.000 | 6.5 | Jan-26 | Sr. Unsecured | A1 | A | - | Fixed | Swaps | MS+65 a | MS+50 a | 48 | 0.38% | - | 99.91000 |
| GBP | 400.000 | 10 | Jul-29 | Sr. Unsecured | A1 | A | - | Fixed | G | G+120 a | G+110-115 | 110 | 1.75% | - | 98.82900 |
| GBP | 500.000 | 20 | Jul-39 | Sr. Unsecured | A1 | A | - | Fixed | G | G+130 a | G+120 a | 115 | 2.38% | - | 98.21300 |
Tranche Comments
6.5 yr: Book size: 1100; Registration: Reg S Only; Comments: EUR600m 6.5yr bmk. Part of 3-tranche. A1/A. Barc/HSBC(B&D)/Lloyds/NatWest. IPTs MS+65 area, guidance MS+50 area, launched 600m @MS+48, bk >1.1bn, DBR 0.5% Feb-26 +93.9 @107.115;
10 yr: Book size: 850; Registration: Reg S Only; Comments: GBP400m 10yr bmk. Part of 3-tranche. A1/A. Barc/HSBC/Lloyds(B&D)/NatWest. IPTs UKT 6% Dec 2028 +120 area, guidance G+110/115, launched 400m@G+110 on bk >850m, Gilt 147.45 mid / 147.53 bid;
20 yr: Book size: 1500; Registration: Reg S Only; Comments: GBP500m 20yr bmk. Part of 3-tranche. A1/A. Barc(B&D)/HSBC/Lloyds/NatWest. IPTs UKT 4.25% Sep 2039 +130 area, guidance G+120 area, launched 500m @G+115 on bk >1.5bn, Gilt 151.53 mid, 151.30 bid;
Deal Comments
Joint Bookrunners: HSB (B&D)(6.5yr), LLY (B&D)(10yr), BRC (B&D)(20yr), NTW
Guarantor(s)
Motability Operations Ltd