| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Anglian Water Services Financing plc > News item |
Anglian Water prices tenders for £39.15 million of fixed-to-floaters
By Susanna Moon
Chicago, March 20 - Anglian Water Services Financing plc said investors tendered about £39.15 million of its £100 million of fixed-to-floating guaranteed class B unwrapped bonds due June 2024. The bonds are guaranteed by Anglian Water Services Ltd.
The company will pay 106.245 for the notes, based on a benchmark rate of 0.17% and a purchase yield of 1.57%, according to a company press release.
Pricing for the offer was set at 5 a.m. ET on March 20 using a purchase spread of 140 basis points over the 5% U.K. Treasury gilt due September 2014.
Holders also will receive £936.47 per £50,000 principal amount of accrued interest.
The offer ended at 11 a.m. ET on March 19, with settlement set for March 22. The offer began on March 12.
The offer was made as part of the company's "commitment to actively manage its balance sheet," according to a previous press release.
The Royal Bank of Scotland plc (+44 20 7085 8056, attn: liability management, email: liabilitymanagement@rbs.com) was the dealer manager. Deutsche Bank AG, London Branch (+44 20 7547 5000, attn: trust and agency services, email: xchange.offer@db.com) was the tender agent.
Anglian is a Huntingdon, England-based water company.
© 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.