SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

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SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SWSFIN	SW Finance I PLC (fka Southern Water Services Finance Ltd)	£550		1	EMEA	Mar 19, 2024

Tranche #1SW Finance I PLC (fka Southern Water Services Finance Ltd)

currency

GBP

size (m)

550.000

maturity

Apr 16, 2040

type

Fixed

tenor

16.000

call

registration

Reg S Only

benchmark

ranking

Secured

moody's

Baa3

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

G+275 a

ipt-pxd

guidance

G+255-260

spread

255

coupon

7.00%

spread set

price

99.51400

yield

6.93%

book size (m)

1,500

peak book (m)

x-covered

2.73

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,500

peak book (m)

x-covered

2.73

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

16 yr: Book size: 1500; Registration: Reg S Only; Comments: GBP550m 16yr(4/16/2040) cpn 7%. Spread: G+255bps (from IPTs of G+275bps a). MWC: G+40bps. LEI: 549300BHN1HB5BNG2R96;

Deal Comments

Sustainability Bond

Guarantor(s)

Southern Water Services Ltd, SWS Holdings Ltd, SW (Finance) II Ltd, SWS Group Holdings Ltd

Use of Proceeds

To finance Eligible Green Projects

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SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

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