South West Water Finance PLC (PNNLN)

No results found for "".

South West Water Finance PLC (PNNLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	PNNLN	South West Water Finance PLC	£400		1	EMEA	Jul 29, 2024

Tranche #1South West Water Finance PLC

currency

GBP

size (m)

400.000

maturity

Aug 5, 2041

type

Fixed

tenor

17.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

fitch

A-

size description

re-open/tap

ipt

G+200 a

ipt-pxd

guidance

G+185-190

spread

185

coupon

6.375%

spread set

price

99.91100

yield

6.285%

book size (m)

1,100

peak book (m)

x-covered

2.75

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

2.75

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

17 yr: Book size: 1100; First Pay: 2025-08-05; Registration: Reg S Only; Comments: GBP400m 17yr green bmk snr unsec RegS. Baa1/NR/A-. Barc(B&D)/BNPP(struc)/HSBC/SMBC(log). IPTs UKT 1.25% Oct 2041 +200 area, guidance UKT+185/+190 wpir, launch 400m at UKT+185. Final books 1.1bn+ (peak 1.15bn+). HR 115% vs. UKT 1.25% Oct 2041 (@ 61.912 mid, 61.862 bid). FTT 3:50pm. Par Call: 3m. CoC: Yes. LEI: 213800OV68U446W4NV89;

Deal Comments

Green Bond

Guarantor(s)

South West Water Ltd

Use of Proceeds

Refinancing

Hide Details

Explore all other Commentary & Deal Flow

Asset Backed Securities

sector/subsector profiles

High Yield

industry/subindustry profiles

Investment Grade

industry/subindustry profiles

South West Water Finance PLC (PNNLN)

Deal Details

Commentary

Deal Flow