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	£350		1	EMEA	Feb 3, 2023

Tranche #1Northumbrian Water Finance PLC

currency

GBP

size (m)

350.000

maturity

Feb 14, 2031

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB

fitch

re-open/tap

ipt

G+170 a

ipt-pxd

guidance

G+150 a

spread

145

coupon

4.50%

spread set

price

99.56600

yield

book size (m)

1,200

peak book (m)

x-covered

3.43

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,200

peak book (m)

x-covered

3.43

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 1200; Registration: Reg S Only; Comments: GBP350m 8yr snr unsec bmk RegS. Baa1/BBB. Lloyds(B&D)/NatWest. IPTs UKT 0.25% Jul 2031 +170 area, guidance UKT +150 area for exp 300m, launch 350m at UKT +145. Books ~1.2bn pre-rec at guidance. UKT 0.25% July 2031 / 79.110 (mid) / 79.050 (bid) / HR 103%. Par Call: 3m. MWC: G+25. LEI: 213800JTFA6F3S7XX781;

Guarantor(s)

Northumbrian Water Ltd

Use of Proceeds

General Corporate Purposes

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