May 20, 2024 10:19 GMT
United Utilities (A3/BBB+/BBB+): New Issue FV Analysis
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• *IPT: UNITED UTILITIES WATER £BMARK 27Y SUST. UKT+125-130
• We see FV at 5.55-6% / UKT+99-104.
• Very long dated issuance is likely to be well received.
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