| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Anglian Water > News item |
Anglian Water firms pricing for £210 million eight-year notes; deal expected with 5% yield at par
By Paul A. Harris
Portland, Ore., April 17 – Anglian Water firmed the terms of its £210 million offering of non-callable eight-year guaranteed secured fixed-rate notes (expected ratings Ba3/BB+) on Friday, according to a market source.
The Regulation S deal is coming together with a 5% yield at par.
Term sheets are expected shortly.
The yield will print at the tight end of the 5% to 5¼% yield talk.
Barclays, BNP Paribas, HSBC Bank plc, Lloyds Bank and Royal Bank of Scotland are the joint bookrunners.
The Huntingdon, England-based water company plans to use the proceeds to help fund the tender for a portion of its 7% guaranteed secured fixed-rate notes due January 2018.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.