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Name | Symbol | Market | Type |
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Sth.staff 5% | LSE:43IH | London | Debenture |
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0.00 | 0.00% | 0 | - |
RNS Number : 4557X South Staffordshire Water PLC 24 June 2008 South Staffordshire Water PLC Issue of bonds South Staffordshire Water PLC (the "Company") announces that it has launched an issue of £35 million 1.843 per cent. RPI-linked Bonds due 2051 (the "Bonds"). The Bonds, which are expected to be rated BBB+ and Baa2 by Standard & Poor's and Moody's Investors Service, will be redeemed on 30th June, 2051. Application will be made for the Bonds to be admitted to each of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's regulated market. Adrian Page, Finance Director, commented; "We are pleased to have successfully placed these bonds. The issue will allow us to increase the average duration of our debt and as the coupons and principal are both linked to RPI, the Issue will mirror our pricing regime." The issue of Bonds was arranged by Barclays Capital. For further information, please contact: Adrian Page Finance Director 01922 618 001 South Staffordshire Water PLC 24th June 2008 Notes South Staffordshire Water supplies water to a population of 1.25 million in the Midlands covering an area of 1,490 square kilometres. This information is provided by RNS The company news service from the London Stock Exchange END IODFKQKNOBKDDAB
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