NatWest Markets PLC (NWG) 2023-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR750.0003Jan-26Sr. UnsecuredA1A-A+Floating3mEu3mEu+130 a3mEu+105 a983mEu+98-100.00000
EUR750.0005Jan-28Sr. UnsecuredA1A-A+FixedSwapsMS+155 aMS+135 a1304.25%-99.96000
Tranche Comments
3 yr: Book size: 1500; Registration: Reg S Only; Comments: EUR750m part of 2-tr 3yr FRN fxd opco snr unsec bmk RegS. A1/A-/A+. JBs CMZ/NatWest(B&D/DM)/SG/UBS. JLMs BBVA/IMI/Swed. IPTs 3yr FRN 3mE+130 area. Guidance 3mE+105 area for 750m. Set 3mE+98. Final books c. 1.5bn (ex JLM). 5yr OBL 1.3% 10/27 (95.37%) HR: 102%, B+192.1. FTT 4pm. LEI: RR3QWICWWIPCS8A4S074; 5 yr: Book size: 1250; Registration: Reg S Only; Comments: EUR750m part of 2-tr 5yr fxd opco snr unsec bmk RegS. A1/A-/A+. JBs CMZ/NatWest(B&D/DM)/SG/UBS. JLMs BBVA/IMI/Swed. IPTs 5yr MS+155 area. Guidance MS+135 area for 750m. Set MS+130. Final books c. 1.25bn (ex JLM). 5yr OBL 1.3% 10/27 (95.37%) HR: 102%, B+192.1. FTT 4pm. LEI: RR3QWICWWIPCS8A4S074;
Deal Comments
Opco Bond