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.
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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.