First sterling double-B out with Yorkshire Water’s holdco bond

Yorkshire Water, the British water utility, is meeting investors for its £155m subordinated holding company bond. The seven year high yield notes are being marketed on Monday and Tuesday.

  • 28 Jan 2013

Pricing is expected thereafter. RBS, Barclays, CBA, HSBC, Lloyds and Santander are arranging the transaction, which will be sold through Kelda Finance.

Yorkshire has not issued high yield bonds before but has sold class ‘A’ and ‘B’ bonds, according to a banker at one of the bookrunners.

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1 JPMorgan 96,004.47 420 7.05%
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1 BNP Paribas 18,886.68 80 9.00%
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5 SG Corporate & Investment Banking 12,165.97 62 5.80%

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  • 18 Jul 2017
1 JPMorgan 5,095.99 40 8.35%
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5 Barclays 3,740.83 31 6.13%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 21,273.54 160 11.24%
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4 Goldman Sachs 13,221.26 95 6.98%
5 Barclays 13,207.72 84 6.98%

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Rank Lead Manager Amount $m No of issues Share %
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  • 18 Jul 2017
1 BNP Paribas 17,949.66 81 6.87%
2 Deutsche Bank 17,622.26 57 6.74%
3 HSBC 16,803.90 77 6.43%
4 Barclays 16,166.69 72 6.19%
5 Citi 15,341.21 64 5.87%