Western Power Distribution (South Wales)

19 Mar 2010

Western Power Distribution (South Wales)

Rating: Baa1/BBB+
Amount: £200m
Maturity: 23 March 2040
Issue price: 99.042
Coupon: 5.75%
Spread at re-offer: 115bp over the 4.75% December 2038 Gilt
Launched: Tuesday 16 March
Payment date: 23 March
Bookrunners: Deutsche Bank, HSBC

Bookrunners’ comment:

These were twin issues, for two separate borrowers under the same Western Power Distribution (WPD) umbrella. It’s ...

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