SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

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SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SWSFIN	SW Finance I PLC (fka Southern Water Services Finance Ltd)	£300		1	EMEA	Mar 23, 2021

Tranche #1SW Finance I PLC (fka Southern Water Services Finance Ltd)

currency

GBP

size (m)

300.000

maturity

Mar 30, 2027

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

Baa3

s&p

BBB+

fitch

BBB+

size description

re-open/tap

ipt

G+155-160

ipt-pxd

guidance

G+140 a

spread

138

coupon

1.625%

spread set

price

98.69700

yield

1.848%

book size (m)

750

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

750

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 750; Registration: Reg S Only; Comments: GBP300m 6yr snr sec sustainable (SRI) RegS, Class-A. Baa3/BBB+/BBB+. BNPP/Santan(B&D)/SMBC Nikko. IPTs G+155/+160, guidance G+140 area (+/-2 WPIR), launch 300m @G+138 vs 1.25% 7/27. Bks ~750m (peak ~850m). Ref mid: 104.876 / bid: 104.856. FTT 4.20pm. LEI: 213800BTY35K1724Z452;

Deal Comments

Sustainable Bond

Guarantor(s)

Southern Water Services Ltd, SWS Holdings Ltd and SWS Group Holdings Ltd

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SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

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