Anglian Water Sells Sterling Bond After Bids Top £1 Billion

Anglian Water sold its first sterling-denominated benchmark bond in almost a year on Tuesday, drawing strong demand as the UK utility sector continues to navigate regulatory and funding pressures.

The company priced the £450 million ($607.93 million) six-year senior secured note due August 2031 through its Anglian Water Osprey Financing Plc entity. The notes priced at 255 basis points over UK Gilts, tighter than initial price thoughts of 270 to 275 basis points, after books swelled to more than £1 billion, according to a person familiar with the matter who asked not to be identified.