31/10/2014 06:44:22 Free Membership Login

Network Rail Prices Tap of Three Inflation-Linked Bonds

Date : 02/21/2013 @ 10:03AM
Source : Dow Jones News
Stock : Hsbc Hldgs.Uk (HSBA)
Quote : 639.1  10.0 (1.59%) @ 6:29AM
Hsbc share price Chart

Network Rail Prices Tap of Three Inflation-Linked Bonds

Hsbc (LSE:HSBA)
Historical Stock Chart

2 Years : From Oct 2012 to Oct 2014

Click Here for more Hsbc Charts.
   By Ben Edwards 
 

Network Rail Infrastructure Finance PLC, the U.K. authority responsible for the country's railway network, Thursday increased the size of three of its outstanding index-linked bonds, according to one of the banks running the deal.

Bank of America Merrill Lynch, Deutsche Bank AG and HSBC Holdings PLC are lead managers of the tap, which has the following terms:

 
2027 Bond: 
 
Amount:           GBP420 million 
Maturity:         Nov. 22, 2027 
Coupon:           1.75% 
Reoffer Price:    128.513 
Spread:           35 basis points over the 1.25% Nov. 2027 index-linked gilt 
 
2037 Bond: 
 
Amount:           GBP195 million 
Maturity:         Nov. 22, 2037 
Coupon:           1.375% 
Reoffer Price:    127.482 
Spread:           35 basis points over the 1.125% Nov. 2037 index-linked gilt 
 
2047 Bond: 
 
Amount:           GBP135 million 
Maturity:         Nov. 22, 2047 
Coupon:           1.125% 
Reoffer Price:    124.953 
Spread:           35 basis points over the 0.75% Nov. 2047 index-linked gilt 
 
Common terms: 
 
Guarantor:        United Kingdom government 
Debt Ratings:     Aaa (Moody's) 
                  AAA (Standard & Poor's) 
                  AAA (Fitch) 
Denominations:    GBP1,000; GBP50,000 
 

Write to Ben Edwards at ben.edwards@dowjones.com



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 141031 06:44