Following the removal of Cayman registered companies from its debt platform, we arranged this dual tranche private placement for Yorkshire Water providing long dated, 16 year and 20 year fixed rate funding. The investor that we identified had not previously invested in Yorkshire Water and so this transaction further diversifies Yorkshire Water’s investor base.
Proceeds from the transaction are being used to fund Yorkshire Water’s ongoing business activities. This is the third private placement transaction that IDCM has arranged for Yorkshire Water.
“IDCM provided advice and assistance from initiation that ensured Yorkshire Water achieved a tightly priced and smoothly executed financing with a new investor”David Gregg Interim Head of Tax and Treasury