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Network Rail Prices Tap of Three Inflation-Linked Bonds

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; GBP50,000Wr...

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