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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