Wales & West Utilities Finance plc, founded in 2005 and based in Newport, Wales, serves as the financial arm of Wales & West Utilities, which is focused on the management and distribution of natural gas. The company’s primary offerings include debt financing, leveraging bond issuances to support infrastructure projects and enhance liquidity.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| WWUF 1.88% 2041-05-28 GBPWales & West Utilities Finance plc | United Kingdom | 2041-05-28 | 1.875 | 5.72 |
| WWUF 2.50% 2035-08-22 GBPWales & West Utilities Finance plc | United Kingdom | 2035-08-22 | 2.496 | 2.30 |
| WWUF 3.00% 2038-08-03 GBPWales & West Utilities Finance plc | United Kingdom | 2038-08-03 | 3.000 | 5.54 |
| WWUF 5.00% 2028-03-07 GBPWales & West Utilities Finance plc | United Kingdom | 2028-03-07 | 5.000 | 4.07 |
| WWUF 5.75% 2030-03-29 GBPWales & West Utilities Finance plc | United Kingdom | 2030-03-29 | 5.750 | 4.43 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Wales & West Utilities Finance plc began its bond issuance program in 2013, making significant strides in securing funding through capital markets. Notably, the company issued a £350 million bond in 2020, aimed at refinancing existing debt and investing in network enhancements. Currently, their bonds yield approximately 2.5%, competitive within the utilities sector. The bonds are secured by revenues generated from gas distribution, and the company has a strong track record of timely payments, maintaining robust credit ratings. Recent market developments indicate a trend toward issuing ESG-linked bonds, aligning with sustainability efforts in the energy sector.