Credit Investor Presentation 2020/21
Yield %
Raising finance efficiently - outperforming the
index by 50-100bps
UK Water sector GBP bonds (excl. fees) vs iBoxx yield less 15bps
(1 April 2020 to 31 March 2021)
£65m CPI linked
3.10
amortising 20yr
bond
£450m 17yr bond
£40m 30yr bond
2.60
£375m 8yr bond
£300m 20yr bond
2.10
£350m 20yr bond
1.60
UU £300m
22yr bond
£50m 15yr bond
UU GBP30m 19.8yr
CPI linked bond
£100m 35yr CPIH
linked bond
1.10
UU £75m 10.7yr bond
tap swapped to CPI
£300m 15yr bond
UU £95m CPI linked
20yr bond
0.60
UU £50m 13.1yr
bond tap swapped to
CPIH
GBP84.7m 3yr bond
£300m 6yr bond
UU GBP300m 8.75yr
sustainable bond
swapped to CPI
0.10
Apr 20
May 20
Jun 20
Jul 20
Aug 20
Sep 20
Oct 20
Nov 20
Dec 20
Jan 21
Feb 21
Mar 21
UU debt issuance
Other WASC debt issuance
United Utilities
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Credit Investor presentation
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