28th Sep 2007 07:02
Pennon Group PLC28 September 2007 28 September 2007 PENNON GROUP PLC PENNON GROUP - TREASURY MATTERS Pennon Group Plc is today pleased to announce two new financing initiatives tofurther strengthen its efficient Group financing strategy: 1. South West Water Finance Plc (subsidiary of South West Water Limited)has issued GBP200m of 1.99 per cent Index Linked Bonds due 2057. The issue ofthese Bonds was arranged by Goldman Sachs International. GBP100m of the 1.99 per cent Index Linked Bonds due 2057 was issued in July2007. A further GBP100m tap issuance of the 1.99 per cent Index Linked Bonds wasexecuted in September 2007 which had an issue price of GBP107.6211 per cent plusaccrued interest. The aggregate real yield of these Bonds was 1.86 per cent. The issues by South West Water Finance Plc are unconditionally and irrevocablyguaranteed by South West Water Limited. 2. Pennon Group Plc has issued GBP100m of Bonds due 2022. The Bonds havea 6 per cent fixed coupon for the first 3 years and a coupon expected to besignificantly below 6 per cent for the remaining 12 years. The issue of theseBonds was arranged by Deutsche Bank AG. For further information please contact Tony Hooper, Group Treasurer, PennonGroup Plc, on +44 1392 443125 or mobile +44 7768 461779. www.pennon-group.co.uk End transmission This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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