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	£250		1	EMEA	Jan 15, 2024

Tranche #1United Utilities Water Finance PLC

currency

GBP

size (m)

250.000

maturity

Jan 22, 2046

type

Fixed

tenor

22.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

G+110 a

ipt-pxd

guidance

G+90-95

spread

coupon

5.25%

spread set

price

98.58600

yield

5.291%

book size (m)

320

peak book (m)

x-covered

1.28

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

320

peak book (m)

x-covered

1.28

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

22 yr: Book size: 320; Registration: Reg S Only; Comments: GBP250m 22yr bmk snr unsec RegS. A3/BBB+/A-. DB(B&D)/GS/HSBC/NatWest. IPTs UKT 0.875% 01/46 (mid) +110 area, guidance UKT+90/+95, launch UKT +90 for 250m. Final books 320m+ (peak 825m+). UKT 0.875% Jan-2046, HR 137%. FTT 3:30pm. Par Call: 3m. LEI: 213800313INX42GDLR44. Tax Call: No. PP: No. XD: No;

Guarantor(s)

United Utilities Water Ltd

Use of Proceeds

General Corporate Purposes

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