Severn Trent Utilities Finance

16 Jan 2009

Guarantor: Severn Trent Water Ltd

Rating: A2/A

Amount: £400m

Maturity: 22 January 2018

Issue/fixed re-offer price: 99.258

Coupon: 6.0%

Spread at re-offer: 285bp over the 5% 2018 UKT

Launch date: Tuesday 13 January

Payment 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 ...

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