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.

 

Issuer Credit Rating

  Severn Trent Plc Severn Trent Water Limited Hafren Dyfrdwy Outlook
Fitch Ratings Limited BBB BBB+ BBB+ Stable
Moody’s Investors Service Limited Baa2 Baa1 - Stable
S&P Global Ratings UK Limited BBB BBB+ - Stable

Senior Unsecured Debt Ratings

  Severn Trent Plc Severn Trent Water Limited Hafren Dyfrdwy Outlook
Fitch Ratings Limited BBB+ A- A- Stable
Moody’s Investors Service Limited Baa2 Baa1 - Stable
S&P Global Ratings UK Limited BBB- BBB+ - Stable

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.

 

 

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

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014 and older

Other programme information

For further details, you can download a list of bonds issued under the EMTN programme [PDF], as it was of 14 September 2023.

 

Severn Trent Water Limited - 31 March 2023 Read or download
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 - 31 March 2023 Read or download
Severn Trent Utilities Finance PLC - 31 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
Programme Agreement Read or download
Twelfth 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