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

Severn Trent issued its inaugural £300m sustainable bond under the Framework in June 2020.

We committed to update investors on how the proceeds of the bond have been allocated to support defined “green” and “social” purposes.

Deloitte LLP have provided limited assurance to confirm that the Selected Information is prepared, in all material respects, in accordance with the Allocation Reporting Criteria set out in the Framework.

You can access and download the Allocation Report [PDF] from our reports and publications library, alongside Deloitte LLP’s assurance report [PDF].

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.

 

 

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

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013 and older

Other programme information

For further details, you can download a list of bonds issued under the EMTN programme [PDF], as it was at 22 February 2022.

 

Severn Trent Water Limited - 31 March 2022 Read or download
Severn Trent Water Limited - 31 March 2021 Read or download
Severn Trent Utilities Finance PLC - March 2022 Read or download
Severn Trent Utilities Finance PLC - 31 March 2021 Read or download

You can read or download copies of other programme documents from this list:

Agency Agreement Read or download
Eleventh Supplemental Trust Deed
Read or download
Severn Trent PLC - Memorandum and Articles of Association Read or download
Severn Trent Water Limited - Memorandum and Articles of Association Read or download
Severn Trent Utilities Finance PLC - Memorandum and Articles of Association Read or download