Issuers
Rating Agencies
Underwriters
CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
---|
EUR | 650.000 | 4.25 | Apr-27 | Sr. Secured | Baa1 | BBB | - | Fixed | Swaps | MS+140 a | MS+120-125 | 120 | 4.00% | - | 99.56300 |
EUR | 1,000.000 | 8 | Jan-31 | Sr. Secured | Baa1 | BBB | - | Fixed | Swaps | MS+180 a | MS+160-165 | 160 | 4.38% | - | 99.99300 |
Tranche Comments
4.25 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR650m 4.25yr part of 2-tr bmk Class A secured green RegS. Baa1/BBB/NR. Actives Barc/HSBC(B&D)/SMBCNikko. Passive BoC. IPTs 4.25yr MS+140 area. Guidance MS+120/+125. Launch 650m at MS+120. Final books 1bn+. OBL 0% 04/27 +182.4 (at 90.84 / 2.284%, HR 101%). DBR 0% 02/31 +223.4 (at 84.240 / 2.142%, HR 99%). Par Call: 3m. MWC: B+30bp. LEI: 213800ESMPQ4RQ7G8351. Distribution: UK/Irel 35%, Ger 21%, Nordic 15%, France 15%, Benelux 7%, other 7%. FM 62%, ins/PF 21%, cbank/supra 12%, bk/PB 4%, other 1%;
8 yr: Book size: 1800; Registration: Reg S Only; Comments: EUR1bn 8yr part of 2-tr bmk Class A secured green RegS. Baa1/BBB/NR. Actives Barc/HSBC(B&D)/SMBCNikko. Passive BoC. IPTs 8yr MS+180 area. Guidance MS+160/+165. Launch 1bn at MS+160. Final books 1.8bn+. OBL 0% 04/27 +182.4 (at 90.84 / 2.284%, HR 101%). DBR 0% 02/31 +223.4 (at 84.240 / 2.142%, HR 99%). Par Call: 3m. MWC: B+35bp. LEI: 213800ESMPQ4RQ7G8351. Distribution: UK/Irel 57%, Ger 13%, Nordic 13%, other 8%, France 6%, Benelux 3%. FM 74%, ins/PF 20%, cbank/supra 3%, bk/PB 3%;
Deal Comments
Green Bond. Active Bookrunners: BRC, HSB(B&D), SMB. Passive Bookrunner: BOC
Guarantor(s)
Thames Water Utilities Holdings Ltd, Thames Water Utilities Ltd, Thames Water Utilities Cayman Finance Holdings Ltd
Use of Proceeds
Refinancing of Green Projects
AllReportsSurveillanceOther