Annington Funding PLC (TEFRM) 2022-1

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GBP400.00011Aug-33Sr. UnsecuredBaa2-BBBFixedGG+290 aG+270-2752704.75%2099.95800
Tranche Comments
11 yr: Book size: 1250; Registration: Reg S Only; Comments: GBP400m (upsized from GBP300m) 11yr snr unsec RegS. Baa2/NR/BBB. Actives Barc(log)/GS(B&D). Passives BNPP/ICBC/JPM/NWM. With tender for EUR 2024s & GBP 2025s. IPTs UKT 0.875% 7/33+290 area, guidance G+270/+275 for exp 350m-400m, launch 400m at G+270, bks 1.25bn+, peak 1.3bn+. Par Call: 3m. Cleanup Call: 100. MWC: G+45. LEI: 549300KK63W8VZIONZ83;
Deal Comments
Active Bookrunners: GSC(B&D), BRC. Passive Bookrunners: BNP, ICB, JPM, NTW.
Guarantor(s)
Annington Ltd, Annington Homes Ltd, Annington Property Ltd