London Stock Exchange ceremony marks Anglian Water Green Bond launch
- Credit: Archant
A team from Anglian Water joined chief executive Peter Simpson at the London Stock Exchange this week at a market opening ceremony to mark the launch of its Green Bond – the first ever sterling bond from a UK utility.
Anglian Water successfully launched its £250 million Green Bond last month to finance a range of activities to support its Love Every Drop sustainability strategy.
The bond will mature in August 2025 with a coupon of 1.625%, and on launch the order book peaked at £800m with nearly 80 investors participating.
Mr Simpson said: “Our continuous drive to offer value for money for customers and deliver environmental benefits is made possible by investor confidence in our strong financial structure and reporting. It’s this that made us automatically eligible for a Green Bond without needing to change any part of our processes and without incurring significant expense.”