Credit Investor Presentation 2020/21
£million
8,000
Financing performance
1
Existing debt locked in at rates favourable to
the AMP7 allowed cost of embedded debt
RPI-linked
CPI-linked Fixed ■Floating
2
£900m
£2.4bn
financing to raise
in AMP7
raised in
2020/21 at
3
attractive rates
7,000
6,000
5,000
2.5%
2.4%
2.2%
2.3%
2.4%
4
4,000
(0.2)%
(0.6)%
(0.6)%
(0.6)%
(0.6)%
3,000
2,000
1.3%
1.3%
1.3%
1.4%
1.4%
1,000
-1,000
2020/21
2021/22
2022/23
2023/24
The rates shown are real rates for the index-linked debt and nominal rates for the
fixed rate debt.
Floating rate debt will be progressively fixed in line with 10 year reducing balance
hedging policy.
2024/25
2.5% effective
interest rate for
2020/21
Liquidity
extended out to
August 2023
LO
5
Inaugural
£300m
sustainable bond
issued
United Utilities
•
Credit Investor presentation
•
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