Structured Credit/Restructuring: Yorkshire Water

Issuer: Yorkshire Water Services Bradford Finance
Date of issue: Jul 14, 2009
Size of deal: Exchange offer for £1.1 billion, £650 million of new debt
Pricing: Gilts plus 230bp (£275 million, 10yr), gilts plus 200bp (£200 million, 30yr), index-linked gilts plus 200bp (£175 million, 30yr index-linked)

Bookrunners: Banco Santander, HSBC, Royal Bank of Scotland

Yorkshire Water’s refinancing was notable for being the first new transaction in the whole business securitisation (WBS) market since 2007. The

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: