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	£350		1	EMEA	Jun 19, 2023

Tranche #1United Utilities Water Finance PLC

currency

GBP

size (m)

350.000

maturity

Jun 26, 2036

type

Fixed

tenor

13.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

G+140-145

ipt-pxd

guidance

G+120-125

spread

120

coupon

5.75%

spread set

price

99.52700

yield

5.803%

book size (m)

600

peak book (m)

x-covered

1.71

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

600

peak book (m)

x-covered

1.71

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

13 yr: Book size: 600; Registration: Reg S Only; Comments: GBP350m 13yr snr unsec bmk sustainable RegS. A3/BBB+/A-. DB/HSBC/JPM(B&D)/RBC. IPTs UKT 4.25% 3/36 +140/+145, guidance UKT+120/+125 wpir, launch 350m at UKT+120. Final books 600m+ @reoffer, peak 950m+. UKT 4.250% Mar-2036 (mid: 97.395, bid 97.305), HR 97%. FTT 3:45pm. 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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