Severn Trent Utilities Finance
Guarantor: Severn Trent Water Ltd
Rating: A2/AAmount: £400m
Maturity: 22 January 2018Issue/fixed re-offer price: 99.258
Coupon: 6.0%Spread at re-offer: 285bp over the 5% 2018 UKT
Launch date: Tuesday 13 JanuaryPayment date: 22 January
Joint books: BNP Paribas, Citi, HSBC, Royal Bank of Scotland
Bookrunners comment:This was a nice, quick solid deal. The borrower did ...