Thursday 28 January 2021

United Utilities issues £300m sustainable bond

United Utilities has announced the issuance of a £300 million sustainable bond that will support the company's investment across North West England.

The eight-year bond, maturing in October 2029, will go towards projects that improve the resilience of water and wastewater infrastructure, reduce carbon emissions, enhance catchments and support customers who are struggling to pay their bills.

They contribute to achieving the UN Sustainable Development Goals – adopted by member states in 2015 - for the region.

The announcement follows the launch of United Utilities' Sustainable Finance Framework, which will enable investors to more directly link the benefits of their funding to the company's environmental and sustainability goals.

United Utilities said: “Whilst this new bond provides a wider range of institutional bond investors the opportunity to directly support environmental and social aspects of our business, it adds to around £2bn of environmental-orientated investment previously secured from the European Investment Bank.”