South West Water Finance PLC (PNNLN)

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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	£250		1	EMEA	Dec 4, 2024

Tranche #1South West Water Finance PLC

currency

GBP

size (m)

250.000

maturity

Dec 11, 2032

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

fitch

A-

size description

re-open/tap

ipt

ipt-pxd

guidance

G+165-170

spread

165

coupon

5.75%

spread set

price

99.96200

yield

5.756%

book size (m)

890

peak book (m)

x-covered

3.56

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

890

peak book (m)

x-covered

3.56

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 890; First Pay: 2025-06-11; Registration: Reg S Only; Comments: GBP250m 8yr snr unsec green RegS. Baa1/NR/A-. MS(B&D)/Barc(Co mgr). Guidance UKT 4.25% 7 June 2032 +175/+180, revised UKT+165/+170 WPIR, launch 250m at UKT+165. Final books 890m. HR 98% vs UKT 4.25% Jun 2032 (Px 100.925/ HR 98% / yld 4.106%). FTT 3:45pm. Par Call: 3m. LEI: 213800OV68U446W4NV89;

Deal Comments

Green Bond

Guarantor(s)

South West Water Ltd

Use of Proceeds

Refinancing of new or existing Eligible Projects

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