Severn Trent Utilities Finance PLC (SVTLN)

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Severn Trent Utilities Finance PLC (SVTLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SVTLN	Severn Trent Utilities Finance PLC	£400		1	EMEA	Feb 10, 2022

Tranche #1Severn Trent Utilities Finance PLC

currency

GBP

size (m)

400.000

maturity

Feb 22, 2033

type

Fixed

tenor

11.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

G+140 a

ipt-pxd

guidance

G+120 a

spread

118

coupon

2.625%

spread set

price

99.00100

yield

2.713%

book size (m)

2,650

peak book (m)

x-covered

6.63

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,650

peak book (m)

x-covered

6.63

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

11 yr: Book size: 2650; Registration: Reg S Only; Comments: GBP400m 11yr bmk snr unsec sustainable RegS. Baa1/BBB+. BoC/BNPP/RBC(B&D/DM)/SMBC Nikko. IPT G+140 area, guidance G+120 area (+/-2 WPIR) for 300m - max 400m. Launch 400m at G+118, bk >2.65bn, peak >2.75bn, UKT 0.875% 07/31/33 @ 93.099 / 1.533% s.a. (Mid) & 93.084 / 1.535% s.a (Bid) / HR: 94%. LEI: 213800KY9PT6WBH33232. Make Whole Call: Y;

Deal Comments

Sustainable Bond

Use of Proceeds

Refinancing

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Severn Trent Utilities Finance PLC (SVTLN)

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