Affinity Water Finance PLC (AFFNTY)

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Affinity Water Finance PLC (AFFNTY)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	AFFNTY	Affinity Water Finance PLC	£350		1	EMEA	Mar 5, 2025

Tranche #1Affinity Water Finance PLC

currency

GBP

size (m)

350.000

maturity

Sep 12, 2040

type

Fixed

tenor

15.500

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

BBB+

fitch

BBB+

size description

re-open/tap

ipt

G+150-155

ipt-pxd

guidance

spread

133

coupon

6.25%

spread set

price

99.48000

yield

6.303%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

15.5 yr: Registration: Reg S Only; Comments: GBR350m(upsized from GBP300m) 15.5yr cpn fixed 6.25% at 99.480, yld 6.303%. Spread: Mid UKT+133bps. Benchmark Gilt: UKT 4.375% due 2040 (GB00BQC82D08), px mid 93.755, px bid 93.715, yld (s.a.) 4.973%, HR 97%. Par Call: 3m. MWC: G+20bps. LEI: 213800SN9HLGE6532G57;

Deal Comments

Green Bond. Active Bookrunners: LLY(B&D), BRC, RBC. Passive Bookrunner: NAB

Guarantor(s)

Affinity Water Holdings Ltd, Affinity Water Ltd, Affinity Water Finance (2004) PLC

Use of Proceeds

Refinancing of Eligible Green Projects

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