Severn Trent tastes Euro bond success
- From: Vol 9, Issue 3 (March 2008)
- Category: General
- Region: Europe
- Country:
- Related Companies: Anglian Water, Royal Bank of Scotland and Severn Trent
The highest rated UK water company has succeeded in issuing the largest ever €-denominated bond in the sector. Anglian could be next to tap the market.
Severn Trent priced the largest ever €-denominated bond from a UK water company on 4th March, raising €700 million of eight-year money. The deal – Severn Trent’s first benchmark in the currency – was roadshowed to investors in the UK, France and Germany in early February, and covers the majority of the company’s funding needs for the remainder of the ...
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