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Published on 4/9/2015 in the Prospect News High Yield Daily.

Anglian Water plans sterling-denominated secured fixed-rate notes in conjunction with tender

By Paul A. Harris

Portland, Ore., April 9 – Anglian Water (Osprey) Financing plc announced in a Wednesday press release that it plans to issue new sterling-denominated guaranteed secured fixed-rate notes.

The Huntingdon, England-based water company plans to use the proceeds to help fund the tender offer for £100 million of its 7% guaranteed secured fixed-rate notes due January 2018.

Barclays Bank plc and BNP Paribas are dealer managers for the tender. Deutsche Bank AG, London Branch is the tender agent.

The deadline for the tender is April 16.


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