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Bazalgette Finance PLC   -  38LO   

Issue of Debt

Released 13:03 03-Aug-2017

RNS Number : 0525N
Bazalgette Finance PLC
03 August 2017

Bazalgette Finance plc

03 August 2017

CPI-linked bonds priced by Tideway

A £75m bond issue has been priced by Tideway, the company established to construct the Thames Tideway Tunnel in London.

Linked to the Consumer Prices Index, the bond matures in 2047.

Mark Corben, Chief Financial Officer of Tideway, commented:

 "This is Tideway's first issuance in CPI-linked format, and the largest single CPI-linked issuance in the UK utility sector to date. This transaction helps us to diversify our exposure to interest rates and inflation, as well as more closely align with expected developments in regulation".

For further information, please contact: or

Pedro Madeira, Treasurer

Bazalgette Finance plc

The Point

37 North Wharf Road

London W2 1AF





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Issue of Debt - RNS