Southern Water
Rating: A3/A-
Amount: £300m
Maturity: 31 March 2019
Issue/re-offer price: 99.428
Coupon: 6.125%
Spread at re-offer: 265bp over the 4.5% March 2019 UK Gilt
Launched: Monday 23 February
Payment date: 5 March
Joint leads:HSBC, Royal Bank of Scotland
Bookrunners’ comment:
This is the issuer’s first bond since July 2007 and is only its second unwrapped fixed ...Please take a trial or subscribe to access this content.
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