Slaughter and May advised South West Water on a £400,000,000 Issuance under its EMTN Programme

Slaughter and May advised South West Water on an issuance under its £2,500,000,000 Euro Medium-Term Note Programme (the “Programme”). South West Water Finance plc issued £400,000,000 6.375 per cent. Fixed Rate Notes due August 2041 under the Programme. The Notes are guaranteed by South West Water Limited and are listed on the London Stock Exchange.
 
SWW is a wholly-owned direct subsidiary of Pennon Group plc, an environmental utility infrastructure FTSE 250 listed company. SWW is the licensed water and sewerage provider operating across much of the South West of England, and provides water and wastewater services to approximately 3.5 million people across Bristol, Bournemouth, Devon, Cornwall, the Isles of Scilly and parts of Dorset.