EMTN Programme: Publication of Final Terms
Pennon Group plc announced that its subsidiary, South West Water Finance Plc, has successfully priced a debt transaction totaling GBP 350 million. This issuance comprises GBP 250 million of 6.000 per cent. Fixed Rate Guaranteed Notes due 2035 and GBP 100 million of 3.806 per cent. Index-Linked Guaranteed Notes due 2041. The New Notes, guaranteed by South West Water Limited, will be admitted to trading on the London Stock Exchange's Main Market and are expected to be issued on July 16, 2026, with proceeds for general corporate purposes.
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THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (THE "UK MARKET ABUSE REGULATION").
Pennon Group plc - LEI: 213800V1CCTS41GWH423
South West Water Finance Plc - LEI: 213800OV68U446W4NV89
South West Water Limited - LEI: 213800FR2VAOKRYRHX45
EMTN Programme: Successful pricing of GBP 250mn 6.000 per cent. Fixed Rate Guaranteed Notes due 2035 and GBP 100mn 3.806 per cent. Index-Linked Guaranteed Notes due 2041 (together the "New Notes")
South West Water Finance Plc (the "Issuer") has successfully priced a debt transaction of New Notes that will be issued under the Issuer's EMTN programme established in 2024, pursuant to a base prospectus dated 21 August 2025 (as supplemented on 1 December 2025 and 18 June 2026) (the "Base Prospectus" and the proposed "Issuance"). The Base Prospectus is available on Pennon Group plc's website at: https://www.pennon-group.co.uk/investor-information/debt-investors.
The New Notes will be guaranteed by South West Water Limited (the "Guarantor") and the proceeds from the Issuance will be on-lent by the Issuer to the Guarantor [and used for its general corporate purposes][1]. Application is to be made for the New Notes to be admitted to trading on the Main Market of the London Stock Exchange plc.
The New Notes, which will be issued on 16 July 2026, are subject to final legal documentation and customary closing conditions.
For further information, please contact Chris Tregenna, Group Treasurer, on 07733 312479.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.