Published on 12/6/2017 in the Prospect News High Yield Daily.
New Issue: Anglian Water prices £240 million 4% secured notes due 2026 at par
By Paul A. Harris
Portland, Ore., Dec. 6 – Anglian Water priced £240 million of guaranteed secured notes due March 8, 2026 at par to yield 4% on Monday, according to a terms sheet which the company posted on the internet.
Barclays, BNP Paribas, HSBC, Lloyds Banking Group and RBS managed the sale, market sources said.
Anglian Water is a Huntingdon, England-based supplier of water and water recycling services.
| Issuer: | Anglian Water (Osprey) Financing plc
|
| Amount: | £240 million
|
| Maturity: | March 8, 2026
|
| Securities: | Guaranteed secured notes
|
| Managers: | Barclays, BNP Paribas, HSBC, Lloyds Banking Group, RBS
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Call protection: | Par call three months prior to maturity, otherwise non-callable
|
| Trade date: | Dec. 4
|
| Settlement date: | Dec. 8
|
| Distribution: | Regulation S
|
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