Slaughter and May advised South West Water on an issuance of green bonds under its £2,500,000,000 euro medium-term note programme

Slaughter and May advised South West Water Finance Plc ("SWWF") on an issuance of £250,000,000 5.750 per cent. fixed rate Notes due 2032, guaranteed by South West Water Limited ("SWWL"). The Notes are Green Bonds issued under SWWF's £2,500,000,000 Euro-Medium Term Note Programme - the net proceeds from the issue will be allocated by SWWF to finance or refinance (in whole or in part) new or existing eligible projects in accordance with its group Sustainable Financing Framework. The Notes are admitted to trading on the Main Market of the London Stock Exchange and listed on the Official List of the Financial Conduct Authority.

SWWL is a wholly-owned direct subsidiary of Pennon Group plc, an environmental utility infrastructure FTSE 250 listed company. SWWL is the licensed water and sewerage provider operating across much of the South West of England, providing water and wastewater services for approximately 1.8 million customers across Cornwall, Devon, the Isles of Scilly and parts of Dorset and Somerset. SWWL focusses on treatment, maintenance, innovation and improvements to ensure that it always delivers an uninterrupted, high-quality drinking water supply and effective wastewater services within its region.