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	Mar 30, 2023

Tranche #1United Utilities Water Finance PLC

currency

GBP

size (m)

300.000

maturity

Oct 6, 2038

type

Fixed

tenor

15.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

G+160 a

ipt-pxd

guidance

G+140 a

spread

135

coupon

5.125%

spread set

price

99.46200

yield

5.179%

book size (m)

1,100

peak book (m)

x-covered

3.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

3.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

15 yr: Book size: 1100; Registration: Reg S Only; Comments: GBP300m long 15yr snr unsec bmk sustainable RegS. A3/BBB+/A-. Barc(B&D)/BofA/HSBC/NatWest. IPTs UKT 4.75% Dec 2038 +160 area, guidance UKT+140 area for 300m, launch UKT+135. Final books 1.1bn+ (peak 1.5bn+). UKT 4.750% Dec-2038, HR 85% (mid 111.59, bid 111.47). FTT: 3:15pm. Par Call: 3m. LEI: 213800313INX42GDLR44;

Deal Comments

Sustainable Bond

Guarantor(s)

United Utilities Water Ltd

Use of Proceeds

Will be allocated to Eligible Projects

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