Northumbrian Water Finance PLC (NWGLN)

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Northumbrian Water Finance PLC (NWGLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	NWGLN	Northumbrian Water Finance PLC	£400		1	EMEA	Oct 21, 2022

Tranche #1Northumbrian Water Finance PLC

currency

GBP

size (m)

400.000

maturity

Oct 28, 2034

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB

fitch

re-open/tap

ipt

G+250 a

ipt-pxd

guidance

G+235-240

spread

235

coupon

6.375%

spread set

price

99.29500

yield

6.48%

book size (m)

1,250

peak book (m)

x-covered

3.13

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,250

peak book (m)

x-covered

3.13

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

12 yr: Book size: 1250; Registration: Reg S Only; Comments: GBP400m 12yr bmk snr unsec RegS. Baa1/BBB/NR. BoC/Barc(B&D)/RBC. IPTs G 4.5% 09/2034 +250 area, guidance G+235/+240 (wpir) for 350m exp, launch G+235 for 400m. Final books 1.25bn+, peak 1.35bn+. HR 87% vs UKT 4.5% 09/34 @103.44 id, 103.34 bid. FTT 3.45pm. Par Call: 3m. MWC: Yes. CoC: Yes. LEI: 213800JTFA6F3S7XX781;

Guarantor(s)

Northumbrian Water Ltd

Use of Proceeds

General Corporate Purposes

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