Slaughter and May advised Wessex Water Services Finance Plc on the simultaneous issuance of £350,000,000 6.125% Notes due 2034 and £250,000,000 6.500% Notes due 2040 under its £5,000,000,000 Euro Medium-Term Note Programme, which are unconditionally and irrevocably guaranteed by its immediate parent company, Wessex Water Services Limited (the “Notes”).
The Notes have been admitted to trading on the London Stock Exchange’s International Securities Market. The net proceeds of the Notes will be used to finance and/or refinance, in whole or in part, new and/or existing green and/or social projects whose activities support environmental and social objectives in line with the Group’s Sustainable Finance Framework.
Wessex Water is a regional water and sewerage business serving approximately 2.9 million customers and 62,000 businesses with sewerage services, and approximately 1.4 million customers and 47,000 businesses with water services across the South West of England in Dorset, Somerset, most of Wiltshire and parts of Gloucestershire and Hampshire.