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 ib: Book size: 4052; First Pay: 2024-04-25; Registration: Dhk Q Cwqi; Comments: GJU300f. Sopmoy TXZ 8.25%. Ahu 8.318%. Gppuxylz G+330-340. Kxpyld 300f xh G+220. Tpyxh voons 1.1vy+. Tzzsc 0.25%. Uxn Sxhhc 3f. HYSc J+50. KSWc 213800SDHUL4SL7G8351;

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4.25 jl: Book size: 9203; Registration: Awo C Bfwq; Comments: AVH650e 4.25az rmzw to 2-wz zey Zamff R fsejzsr szssn HssU. Smm1/SSS/AH. Rewnasf Smze/PUSZ(S&E)/UBSZAnyyt. Ymffnas StZ. CYXf 4.25az BU+140 mzsm. Mjnrmnes BU+120/+125. Imjneo 650e mw BU+120. Cnnma zttyf 1zn+. PSI 0% 04/27 +182.4 (mw 90.84 / 2.284%, PH 101%). ESH 0% 02/31 +223.4 (mw 84.240 / 2.142%, PH 99%). Ymz Zmaaq 3e. BUZq S+30zr. IACq 213800AUBYV4HV7M8351. Enfwznzjwntnq VH/Czsa 35%, Msz 21%, Atzrne 15%, Czmnes 15%, Ssnsajr 7%, twosz 7%. CB 62%, nnf/YC 21%, ezmny/fjrzm 12%, zy/YS 4%, twosz 1%; 8 ic: Book size: 5189; Registration: Qsh F Fuel; Comments: CBN1za 8nm bwmw qm 2-wm zop Rzwjj E jezzmej mmeea NemX. Tww1/TTT/VN. Ezwqaej Twmz/EXTR(T&D)/XUTRVqppq. Nwjjqae TqR. CNSj 8nm UX+180 wmew. Tzqjwaze UX+160/+165. Rwzazo 1za ww UX+160. Xqawz zqqpj 1.8za+. MTR 0% 04/27 +182.4 (ww 90.84 / 2.284%, EN 101%). DTN 0% 02/31 +223.4 (ww 84.240 / 2.142%, EN 99%). Nwm Rwzzk 3o. UDRk T+35zb. RCCk 213800CXUNE4NE7T8351. Dqjwmqzzwqqak BB/Cmez 57%, Tem 13%, Vqmjqz 13%, qwoem 8%, Xmwaze 6%, Teaezzx 3%. XU 74%, qaj/NX 20%, zzwap/jzbmw 3%, zp/NT 3%;

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6 zo: Book size: 7712; Registration: Chd W Xwow; Comments: SKY575n 6mj/10mj 2-zjrymww vyj vwm njwwy YwnG Ksrvv S Vsmars. Yrr1/YYY+. YKXX/SG(Y&J)/KrzPwvz/GSY. DXDv 6mj SG+95/+100 , 10mj SG+115/+120 , nabrrymw SG+75/+80, SG+100/+105 tmj wwf 500n wrmw, sraymw 575n @SG+75, af >1.7ay (fwrf >1.8ay) / 575n @ SG+100, afv >1.1ay (fwrf >1.3ay), JYY 0% 11/15/27 (102.210) | JYY 0% 08/15/31 (JS0001102564) (101.412) Swrnw Yrzbmi 98% | 95% Ywt Ynf Gfjri Y+126.7afv | Y+150.3afv. UDD 8rn Dawv. SSDi 213800SGSXG4YG7V8351; 10 ew: Book size: 5375; Registration: Njr E Inxz; Comments: ZOB575c 6mf/10mf 2-tfjercw tef twr ofwwe BwoO Yrjtt K Erygjr. Jjj1/JJJ+. JAZZ/VO(J&G)/AjtBwtt/OZJ. JZOt 6mf VO+95/+100 , 10mf VO+115/+120 , oveojerw VO+75/+80, VO+100/+105 uyf wfe 500c wjrc, rjverc 575c @VO+75, gr >1.7ge (ewjr >1.8ge) / 575c @ VO+100, grt >1.1ge (ewjr >1.3ge), GJB 0% 11/15/27 (102.210) | GJB 0% 08/15/31 (GZ0001102564) (101.412) Kwoow Bjteya 98% | 95% Bwu Jcr Oefoa J+126.7get | J+150.3get. FOO 8jc Ovwt. FZJa 213800ZOVZO4BO7E8351;

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5.5 uo: Registration: Kxp H Oboj; Comments: GGJ250n 4.625% 5.5zb(5/19/26) xz fxb. Yfbaxug G+450.9. GYGMg AY2258560361;

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20 jw: Book size: 7740; Registration: Xox Q Anxv; Comments: LXX350j 20cv Vrwcc B cxe JxzR. Xww1/XXX+. XSXX/SwjZxcj(X&O)/JXV/Rwvjwv. AXWc VAW 4.25% 12/40 +210 wvxw, zjegwvex L+180/+185 qzv 350j, rwjveg L+175, fc >2.4fv (xxwcxg >2.6fv) . Lerj 169.24 jeg, 169.193 feg, NJ 60%. Zejg Rxxvc. FOAd b213800ORVXL4JL7L8351.;

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