United Utilities Water Finance PLC has issued €75 million of fixed-rate notes maturing in 2034 at a coupon of 3.750%, according to final terms published on Tuesday.
The issuance, admitted to trading on the London Stock Exchange’s Main Market, is unconditionally and irrevocably guaranteed by United Utilities Water Limited. It forms part of the group’s €12 billion Euro Medium Term Note Programme and brings the total outstanding notes in the series to €1 billion.
This tranche follows prior issuances of €650 million on February 23, 2024, €175 million on August 5, 2024, and €100 million on September 25, 2025. The offering circular was initially published on November 14, 2025, with supplements issued on March 27 and June 24, 2026.
