55GF York Wtr Fin 27

 
TIDM55GF TIDM20GJ 
 
Yorkshire Water Finance plc ("YWF") 
 
LEI: 213800O8BDOGHJMTCP32 
 
£200m, fixed to floating rate, Class B bond, due March 2046, (ISIN: 
XS1381944260) ("Bond") 
 
YWF wishes to provide an update on the Bond and the replacement of the London 
Interbank Offered Rate ("LIBOR") as an interest rate benchmark. 
 
The Bond pays a fixed coupon of 3.75% until 22 March 2023, at which time it 
will become a floating rate instrument with a coupon calculated by reference to 
LIBOR. 
 
Under the existing terms of the Bond, YWF has the right to redeem the Bond on 
the Optional Redemption Date (being 22 March 2023) and each interest payment 
date thereafter. 
 
YWF confirms that it has signed a deed poll, in favour of Deutsche Trustee 
Company Limited as trustee for the holders of the Bond, which is an enforceable 
and legally binding pledge to exercise its redemption right, in accordance with 
the existing terms of the Bond, at the end of the fixed rate period on the 
Optional Redemption Date. 
 
YWF has been advised that this deed poll does not represent an amendment to the 
terms of the Bond but is a separate and additional obligation on YWF. 
 
Any enquiries to: 
 
YORKSHIRE WATER FINANCE PLC 
 
Livingstone House 
 
Chadwick Street 
 
Leeds 
 
LS10 1LJ 
 
Attention: 
 
David Gregg, Head of Corporate Finance 
 
Email: debtIR@yorkshirewater.co.uk 
 
 
 
END 
 
 

(END) Dow Jones Newswires

October 25, 2021 11:04 ET (15:04 GMT)

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