Slaughter and May advised Wessex Water on its debut bond issuance under its new Sustainable Finance Framework
Slaughter and May advised Wessex Water on its debut bond issuance under its new Sustainable Finance Framework. Wessex Water Services Finance Plc issued £300,000,000 5.125 per cent. sustainability bonds due 2032, which are guaranteed by Wessex Water Services Limited and are listed on the London Stock Exchange’s International Securities Market and displayed on the Sustainable Bond Market.
The proceeds of the issuance will be used to finance and/or refinance eligible projects and activities which support environmental and social objectives, in line with Wessex Water’s Sustainable Finance Framework.