Pennon Group plc (GB:PNN) has released an update.
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Pennon Group’s South West Water Finance Plc has issued GBP 250 million in fixed rate notes due 2032, offering an interest rate of 5.75%. This issuance is part of their Euro Medium Term Note Programme and is fully guaranteed by South West Water Limited. The move is an important financial maneuver designed to raise substantial capital for future endeavors.
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