SSE PLC (SSELN) 2022-1

EUR1,000.000---Baa3BBB--FixedSwaps4.125% a-269.64.00%-100.00000
Tranche Comments
P NC 6: Book size: 1800; Redemption: 2028-01-21; Registration: Reg S Only; Comments: EUR1bn bmk PNC6 hybrid RegS. Baa3/BBB-. BNPP(GloCo/struct/B&D)/BBVA/BofA(log)/MS/MUFG/RBC. IPTs 4.125% area (ann yield), set 4% for exp 1bn, launched 1bn. Final book c. 1.8bn. DBR 0.5% Feb-2028 @ 99.33 (b+338.3bp). Coc Call: At par at any time in case of a Withholding Tax Event, Substantial Repurchase Event (75%) or Change of Control Event (500bp step-up if not called). Reset Date: 2028-04-21. Par Call: 3m. Cleanup Call: 75% at par. LEI: 549300KI75VYLLMSK856;
Deal Comments
Hybrid Bond