Babcock International €550m 1.375% notes due 2027
Proceeds swapped into sterling at circa 3%
Key terms
- Borrower or issuer
- Babcock International
- Date
- 13 Sep 2019
- Type
- Bond
- Amount
- €550m (US$616m)
- Pricing
- 1.375%
- Maturity
- 2027-09-13
- Rating at issue
- BBB (index)
Recorded terms
- Structure
- Senior notes under the £1.8bn EMTN programme, issued at 99.729
- Country
- United Kingdom
Rating at issue
Rated BBB at issue on the index basis (middle of three agencies, lower of two), from the issuer's own release.
The Notes to be issued have been rated: … S&P Global Ratings Europe Limited: BBB (stable)
Ratings change over time; check the agencies for the current rating.
Parties
- Babcock International borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 Sep 2019 | Triumph Group US$525m 6.250% senior secured notes due 2024 | Bond | US$525m |
| 13 Nov 2019 | L3Harris US$400m 2.900% notes due 2029 | Bond | US$400m |
| 13 Nov 2019 | TransDigm US$2.65bn 5.50% senior subordinated notes due 2027 | Bond | US$2.65bn |
| 6 Dec 2019 | Moog US$400m 5.25% senior notes due 2027 | Bond | US$400m |
| 21 May 2019 | Thales €500m 0% bond due 2022 | Bond | €500m |
More from Babcock International
| Date | Financing | Type | Amount |
|---|---|---|---|
| 7 Jul 2026 | Babcock International £250m 5.125% bonds due 2031 | Bond | £250m |
| 4 Oct 2016 | Babcock International £300m 1.875% bonds due 2026 | Bond | £300m |
Sources
- Babcock International: Final Terms, EUR 550,000,000 1.375 per cent. notes due 2027 (RNS) rns-pdf.londonstockexchange.com · 11 Sep 2019
About this record
Record DEF-2019-0014, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
