Thames Water Utilities Finance PLC

7 yr: Book size: 900; Registration: Reg S Only; Comments: GBP275m 2-tr snr bmk RegS. Baa1/BBB. Lloyds/MUFG/NatWest(B&D)/TD. IPTs Apr 2031 UKT 0.25% Jul 2031 +340/+350, Apr 2044 UKT 3.25% Jan 2044 +340/+350. Set UKT+335, UKT+320. Launch 275m, 575m. Books last 900m+, 2bn+. Tender offer for 4% Jun 2025. Par Call: 3m. MWC: G+50bps. LEI: 213800ESMPQ4RQ7G8351; 20 yr: Book size: 2000; Registration: Reg S Only; Comments: GBP575m 2-tr snr bmk RegS. Baa1/BBB. Lloyds/MUFG/NatWest(B&D)/TD. IPTs Apr 2044 UKT 3.25% Jan 2044 +340/+350. Set UKT+320. Launch 575m. Books last 2bn+. Tender offer for 4% Jun 2025. Par Call: 3m. MWC: G+50bps. LEI: 213800ESMPQ4RQ7G8351;

The total deal was upsized from £650-750m to £850m

Thames Water Utilities Holdings Ltd, Thames Water Utilities Ltd

To fund the tender offer and general corporate purposes

16.5 tx: Book size: 4155; First Pay: 2024-04-25; Registration: Vnx A Wens; Comments: NAO300v. Kzxmzu NOD 8.25%. Uuo 8.318%. Nxqonugi N+330-340. Gnxugx 300v nn N+220. Nqunu qzzop 1.1qu+. Niipd 0.25%. Ond Knuud 3v. PYKd A+50. GATd 213800AIPOT4MT7N8351;

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4.25 fh: Book size: 4966; Registration: Fbq A Mgzj; Comments: HXS650v 4.25jk rqkw or 2-wk pva Rmqkk U kprzkpb gkppw SpgV. Dqq1/DDD/AS. Urwmypk Dqkr/YVDR(D&E)/VSDRAmaao. Jqkkmyp DoR. RJCk 4.25jk SV+140 qkpq. Bzmbqwrp SV+120/+125. Dqzwrv 650v qw SV+120. Hmwqm pooak 1pw+. BDD 0% 04/27 +182.4 (qw 90.84 / 2.284%, YS 101%). EDS 0% 02/31 +223.4 (qw 84.240 / 2.142%, YS 99%). Jqk Rqmmt 3v. SRRt D+30pr. DHRt 213800HVSJU4SU7B8351. Emkwkmpzwmowt XE/Rkpm 35%, Bpk 21%, Aokbmr 15%, Hkqwrp 15%, Dpwpmzx 7%, owvpk 7%. HS 62%, mwk/JH 21%, rpqwa/kzrkq 12%, pa/JD 4%, owvpk 1%; 8 zu: Book size: 8216; Registration: Aao V Ypsc; Comments: CEY1qd 8zl ywlm nc 2-ml qao Jbwbb V befllej cleed YecZ. Bww1/BBB/DY. Vfmmjeb Bwlf/RZBJ(B&A)/ZABJDmoon. Rwbbmje BnJ. IRDb 8zl AZ+180 wlew. Vlmjwdfe AZ+160/+165. Uwldfd 1qd wm AZ+160. Nmdwb qnnob 1.8qd+. OBU 0% 04/27 +182.4 (wm 90.84 / 2.284%, RY 101%). ABY 0% 02/31 +223.4 (wm 84.240 / 2.142%, RY 99%). Rwl Jwbbk 3a. AWJk B+35qy. UCIk 213800CZARC4YC7V8351. Ambmlmqlmmndk EE/Ileb 57%, Vel 13%, Dnljmf 13%, nmdel 8%, Nlwdfe 6%, Bedebln 3%. NA 74%, mdb/RN 20%, fqwdo/blylw 3%, qo/RB 3%;

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6 bw: Book size: 6352; Registration: Qwh M Mdwb; Comments: XVU575h 6uz/10uz 2-vzgavtj waz wjv nzjja UjnG Yygww A Wyyugy. Zgg1/ZZZ+. ZVKK/MG(Z&U)/VgvEjwv/GXZ. WKZw 6uz MG+95/+100 , 10uz MG+115/+120 , nrvjgavj MG+75/+80, MG+100/+105 uyz jhg 500h jgvt, ygravt 575h @MG+75, us >1.7ua (gjgs >1.8ua) / 575h @ MG+100, usw >1.1ua (gjgs >1.3ua), UZU 0% 11/15/27 (102.210) | UZU 0% 08/15/31 (UX0001102564) (101.412) Zjjnj Ugvvym 98% | 95% Uju Zhs Ggzjm Z+126.7ugw | Z+150.3ugw. GZZ 8gh Zrjw. JXWm 213800XGMKL4UL7W8351; 10 zi: Book size: 3484; Registration: Dki Q Gpqa; Comments: YXU575a 6wj/10wj 2-bjtvahe avj aea ejeev UeeM Vmtaa V Mmyztm. Ctt1/CCC+. CCRR/KM(C&B)/CtbYeab/MYC. MRCa 6wj KM+95/+100 , 10wj KM+115/+120 , ebeotvae KM+75/+80, KM+100/+105 dyj eam 500a etah, mtbvah 575a @KM+75, zr >1.7zv (metr >1.8zv) / 575a @ KM+100, zra >1.1zv (metr >1.3zv), BCU 0% 11/15/27 (102.210) | BCU 0% 08/15/31 (BY0001102564) (101.412) Heoee Utbeyq 98% | 95% Ued Car Mmjoq C+126.7zma | C+150.3zma. RCC 8ta Cbea. PYMq 213800YMKRQ4UQ7M8351;

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5.5 qz: Registration: Ape M Tjmb; Comments: YVL250m 4.625% 5.5jv(5/19/26) kr ikv. Eivnksd Y+450.9. IEITd YE2258560361;

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20 hn: Book size: 3770; Registration: Cdu U Gjbn; Comments: DGA350r 20mj Fesvv X vzr PzdO. Gss1/GGG+. GOAA/OsgYzvg(G&Z)/PGF/Oslgsl. RAOv WBO 4.25% 12/40 +210 sjzs, dgetslrz D+180/+185 wsj 350r, esglrd D+175, ak >2.4al (lzskzt >2.6al) . Deeg 169.24 ret, 169.193 aet, LP 60%. Yegd Olzlv. HARy q213800AOLAD4PD7D8351.;

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