Rentokil Initial PLC (RTO) 2019-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR500.0007May-26Sr. Unsecured-BBB-FixedSwapsMS+100 aMS+80-85780.88%-99.72300
Tranche Comments
7 yr: Book size: 1800; Registration: Reg S Only; Comments: EUR500m 7yr snr unsec. BBB S&P. HSBC/Lloyds/Santan(B&D)/SEB/StCh. IPTs MS+100 area, guidance +80/+85 for confirmed 500m, launched MS+78. Bk ~1.8bn pre rec. B+132.6 vs DBR 0.5% Feb-26 @ 106.24 (HR 95%). 3mPC. MWC B+20. FTT 2.40pm (Source: IFR);
Guarantor(s)
Rentokil Initial 1927 Plc