Slaughter and May advised Wessex Water Services Finance Plc and its immediate parent company, Wessex Water Services Limited, on the annual update of its £5,000,000,000 Euro Medium-Term Note Programme (the “Programme”). The Programme is listed on the International Securities Market of the London Stock Exchange.
Notes issued by Wessex Water Services Finance Plc under the Programme have the benefit of an unconditional and irrevocable guarantee from Wessex Water Services Limited. The net proceeds from any issue of notes may be used for general corporate purposes. Notes may also be issued as sustainability bonds; the gross proceeds of any such issuance would principally be used to finance and/or refinance new and/or existing green and/or social projects whose activities support environmental and social objectives.
Wessex Water is a regional water and sewerage business serving c. 2.9 million customers across the South West of England, providing water and wastewater services in Dorset, Somerset, most of Wiltshire and parts of Gloucestershire and Hampshire.