Annington Funding PLC (TEFRM) 2021-1

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GBP400.00011Oct-32Sr. UnsecuredBaa2-BBBFixedGG+145-150-1322.31%-100.00000
GBP400.00030Oct-51Sr. UnsecuredBaa2-BBBFixedGG+165-170-1602.92%-100.00000
Tranche Comments
11 yr: Book size: 900; Registration: Reg S Only; Comments: GBP400m 11yr snr unsec RegS. Baa2/NR/BBB. Actives Barc/GS/JPM, passives BNPP/ICBC/NatWest. IPTs G+145/+150 vs 4.25% 6/32. Launch 400m at G+132, bk >900m pre rec. MWC G+20, 3mPC. Gilt @ 133.000 mid & 132.975 bid / HR 81%. LEI: 549300KK63W8VZIONZ83; 30 yr: Book size: 750; Registration: Reg S Only; Comments: GBP400m 30yr snr unsec RegS. Baa2/NR/BBB. Actives Barc/GS/JPM, passives BNPP/ICBC/NatWest. IPTs G+165/+170 vs 1.25% 7/51, launch 400m at G+160, bks >750m pre rec. MWC G+25, 6mPC. Gilt @ @ 98.170 mid & 98.120 bid / HR 82%;
Deal Comments
Active Bookrunners: BRC, GSC, JPM. Passive Bookrunners: BNP, ICB, NTW.
Guarantor(s)
Annington Ltd, Annington Homes Ltd, Annington Property Ltd
Use of Proceeds
General corporate purposes and payment to shareholders.