Investors

Debt investors

How we source and manage our borrowing

Our financing strategy and credit ratings

Our financing strategy recognises that a strong liquidity position and the availability of committed funding are essential to meeting the Group’s objectives and obligations. Our principal operating subsidiary, Severn Trent Water Limited, is a long term business characterised by multi year investment programmes. Our key sources of borrowings include bond and European Medium Term Note (EMTN) issues, private placements, bank loans and finance leases.

 

Our treasury objectives

And we plan to do this in a responsible and sustainable way.

 

Our long term credit ratings

  Severn Trent Plc Severn Trent Water

Moody's

Baa2

Baa1

Standard and Poor's

BBB

BBB+

Both the Moody’s and Standard & Poor’s ratings are on stable outlook. While the Standard & Poor’s long term issuer credit rating of Severn Trent PLC is BBB. Debt issued by Severn Trent PLC is rated BBB-.

Sustainable finance framework

EMTN programme

Severn Trent issues notes under its European Medium Term Note (EMTN) programme. Severn Trent plc and Severn Trent Utilities Finance plc are issuers under the programme.

Severn Trent Utilities Finance plc has mandated MUFG Securities EMEA plc and NatWest Markets plc to explore the possibility of a 15 to 30 year CPI linked EMTN issue of up to £100mm. The transaction may be executed in the near future subject to market conditions.

 

Important notice

The information set out above does not constitute an offer to sell or issue, or any solicitation of any offer to purchase, subscribe for or otherwise acquire, the securities referred to above in any jurisdiction. In particular, the above information is not for publication or distribution, directly or indirectly, in whole or in part, to "U.S. persons" as defined in Regulation S under the United States Securities Act of 1933, as amended, or into or within the United States, Australia, Canada, Japan or South Africa, or any other jurisdiction where, or to any other person to whom, to do so would be unlawful. Any failure to comply with these restrictions may constitute a violation of the securities laws in any such jurisdiction.

The above information is only directed at (i) persons who are outside the United Kingdom, or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order, or (iv) other persons to whom it may lawfully be communicated (all such persons (i) to (iv) being together being referred to as "relevant persons"). Any investment activity to which the above information may relate is only available to, and any invitation, offer, or agreement to engage in such investment activity will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on the above.

 

You can read or download copies of the Base Prospectus, together with any supplements thereto, from this list.

EMTN Prospectus | 25 August 2020 Read and download
EMTN Prospectus | 20 June 2019

Read and download

EMTN Prospectus | 20 June 2018

Read and download

EMTN Prospectus | 21 June 2017 Read and download
EMTN Prospectus | 23 June 2016 Read and download
EMTN Prospectus | 23 June 2015 Read and download
EMTN Prospectus | 19 June 2014 Read and download
EMTN Prospectus | 21 June 2013 Read and download
EMTN Prospectus | 19 June 2012 Read and download
EMTN Prospectus | 1 July 2011 Read and download
EMTN Prospectus | 30 July 2010 Read and download
EMTN Prospectus | 22 July 2009 Read and download
EMTN Prospectus | 31 July 2008 Read and download
EMTN Prospectus | 3 August 2007 Read and download
EMTN Prospectus | 4 August 2006 Read and download
EMTN Offering Circular | 8 October 2004 Read and download
EMTN Offering Circular | 25 July 2003 Read and download
EMTN Offering Circular | 21 January 2003
Read and download
EMTN Offering Circular | 19 December 2001
Read and download
EMTN Offering Circular | 18 December 2000 Read and download

Annual reports, financial statements and bonds issued

Retail bond

On 11 July 2012 Severn Trent Plc issued a £75m RPI linked 10 year sterling bond available to retail investors and listed on the London Stock Exchange's Order Book for Retail Bonds

Prices

The latest prices for the Retail Bond can be found on the London Stock Exchange Order book for Retail Bonds.