Southern Gas Networks

30 Apr 2008

Rating: Baa1/BBB/BBB+
Amount: £225m
Maturity: 15 May 2040
Issue/re-offer price: 99.896
Coupon: 6.375%
Spread at re-offer: 177bp over Gilts
Launch date: Thursday 1 May
Payment date: 15 May
Joint books: Barclays Capital, Royal Bank of Scotland

Bookrunners’ comment:

Southern Gas is a rare borrower that did a debut bond in 2005 and had been looking to ...

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