Southern Water

27 Feb 2009

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.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.