| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| GBP | 350.000 | 8 | Feb-31 | Sr. Unsecured | Baa1 | BBB | - | Fixed | G | G+170 a | G+150 a | 145 | 4.50% | - | 99.56600 |
Tranche Comments
8 yr: Book size: 1200; Registration: Reg S Only; Comments: GBP350m 8yr snr unsec bmk RegS. Baa1/BBB. Lloyds(B&D)/NatWest. IPTs UKT 0.25% Jul 2031 +170 area, guidance UKT +150 area for exp 300m, launch 350m at UKT +145. Books ~1.2bn pre-rec at guidance. UKT 0.25% July 2031 / 79.110 (mid) / 79.050 (bid) / HR 103%. Par Call: 3m. MWC: G+25. LEI: 213800JTFA6F3S7XX781;
Guarantor(s)
Northumbrian Water Ltd
Use of Proceeds
General Corporate Purposes