United Utilities Water Finance PLC (UU)

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United Utilities Water Finance PLC (UU)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	UU	United Utilities Water Finance PLC	£300		1	EMEA	Jan 21, 2021

Tranche #1United Utilities Water Finance PLC

currency

GBP

size (m)

300.000

maturity

Oct 28, 2029

type

Fixed

tenor

8.750

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

G+80-85

ipt-pxd

guidance

G+70 a

spread

coupon

0.875%

spread set

price

99.31300

yield

0.955%

book size (m)

1,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

8.75 yr: Book size: 1000; Registration: Reg S Only; Comments: GBP300m sustainable long 8yr RegS. A3/BBB+/A-. Structs BNPP/JPM(B&D). JBs GS/RBC. IPTs G+80/+85, guidance +70 area (+/-2 wpir) for 250-300m, launch 300m at+68. Books 1bn+ pre-rec at guidance. UKT 0.875% Oct 2029 (105.185 mid, 105.175 bid), HR 94%. LEI: 213800313INX42GDLR44;

Deal Comments

Green Bond

Guarantor(s)

United Utilities Water Ltd

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