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United Utilities issues €75 million in 2034 notes, total issuance reaches €1 billion

The water utility issued fixed-rate notes at 3.75% under its €12 billion EMTN program, consolidating with prior tranches. Trading began on the London Stock Exchange Main Market.

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Priya Anand · Equities & Earnings Desk · 2 Sept 2026 · 03:37 · 1 min read
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United Utilities issues €75 million in 2034 notes, total issuance reaches €1 billion

United Utilities Water Finance PLC and United Utilities PLC issued €75 million in fixed-rate notes maturing in 2034, the company said in a filing. The notes carry a 3.75% coupon and were admitted to trading on the Main Market of the London Stock Exchange.

The issuance consolidates with existing notes of the same series, bringing the total outstanding under the program to €1 billion. Prior tranches included €650 million issued on February 23, 2024, €175 million on August 5, 2024, and €100 million on September 25, 2025.

The notes are unconditionally and irrevocably guaranteed by United Utilities Water Limited. The issuance is conducted under the €12 billion Euro Medium Term Note Programme of United Utilities PLC and United Utilities Water Finance PLC. Final terms were published on Tuesday, with supporting documentation including a prospectus dated November 14, 2025, and supplements dated March 27, 2026, and June 24, 2026.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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