Chicago, Sept. 10 – Stonewater Funding plc sold £250 million of 1.625% secured sustainability notes due 2036, according to a term sheet.
The notes priced at 98.37 to yield 1.749%.
The notes have a make-whole call at the benchmark Gilt plus 15 basis points.
Barclays, Lloyds Bank Corporate Markets plc, NatWest Markets plc were bookrunners for the notes.
Stonewater Funding is a Leicestershire-based house-building program.
| Issuer: | Stonewater Funding plc
|
| Issue: | Secured sustainability notes
|
| Amount: | £250 million
|
| Maturity: | Sept. 10, 2036
|
| Bookrunners: | Barclays, Lloyds Bank Corporate Markets plc, NatWest Markets plc
|
| Coupon: | 1.625%
|
| Price: | 98.37
|
| Yield: | 1.749%
|
| Call features: | At Gilt plus 15 bps
|
| Trade date: | Sept. 8
|
| Settlement date: | Sept. 10
|
| Ratings: | S&P: A+
|
| Distribution: | Regulation S
|
| ISIN: | XS2382845894
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