Regulatory Story
Go to market news section View chart   Print
RNS
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:

investor.relations@tideway.london or pedro.madeira@tideway.london

Pedro Madeira, Treasurer

Bazalgette Finance plc

The Point

37 North Wharf Road

London W2 1AF

England

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODUOVARBOAWRAR
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Issue of Debt - RNS