REG - SMBC Bank Intl PLC SW (Finance) I PLC - Post-Stabilisation Notice

Sumitomo Mitsui FinancialAnnouncement

19/11/2025 12:15

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RNS Number : 2007I  SMBC Bank International PLC  19 November 2025

POST-STABILISATION ANNOUNCEMENT

Date: 19 November 2025

Not for the distribution, directly or indirectly in or into the United States
or any jurisdiction in which such distribution would be unlawful.

SW (Finance) I PLC

 

Post - Stabilisation Notice

Further to the pre-stabilisation period announcement dated 12 November 2025,
SMBC Bank International plc ("SMBC") (contact: Marko Milos, +44 (0) 20 4507
5174) hereby gives notice, as Stabilisation Coordinator, that no stabilisation
was undertaken by the Stabilising Manager(s) named below in relation to the
offer of the following securities.

 The Securities:
 Issuer:                    SW (FINANCE) I PLC
 Guarantor(s) (if any):     Southern Water Services Limited

                            SWS Holdings Limited

                            SWS Group Holdings Limited

                            SW Finance II Limited
 Aggregate Nominal Amount:  Dual fixed rate tranche:

                            GBP 375,000,000

                            GBP 300,000,000

 Description:               GBP 375,000,000 Fixed Rate Class A Guaranteed Bonds due 2030 (ISIN:
                            XS3232877590)

                            GBP 300,000,000 Fixed Rate Class A Guaranteed Bonds due 2033 (ISIN:
                            XS3232877673)

                            Senior, Secured, Reg S, English law

                            Listing: London Stock Exchange, Main Market
 Offer price:               99.888 per cent of the Aggregate Nominal Amount in respect of the GBP
                            375,000,000 Fixed Rate Class A Guaranteed Bonds due 2030

                            99.470 per cent of the Aggregate Nominal Amount in respect of the GBP
                            300,000,000 Fixed Rate Class A Guaranteed Bonds due 2033

 Stabilisation:
 Stabilising manager(s):    SMBC of 100 Liverpool Street, London EC2M 2AT (Stabilisation Coordinator)

                            Barclays Bank PLC (Stabilisation Manager)

                            Coöperatieve Rabobank U.A. (Stabilisation Manager)

 

 

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into
the United States or any other jurisdiction in which such distribution would
be unlawful.

This announcement and the offer of the securities to which it relates are only
addressed to and directed at persons outside the United Kingdom ("UK") and
persons in the UK who have professional experience in matters related to
investments or who are high net worth persons within article 12(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and
must not be acted on or relied on by other persons in the UK.

In addition, if and to the extent that this announcement is communicated in,
or the offer of the securities to which it relates is made in, any EEA Member
State before the publication of a prospectus in relation to the securities
which has been approved by the competent authority in that Member State in
accordance with Regulation (EU) 2017/1129 (the "Prospectus  Regulation") (or
which has been approved by a competent authority in another Member State and
notified to the competent authority in that Member State in accordance with
the Prospectus Regulation), this announcement and the offer are only addressed
to and directed at persons in that Member State who are qualified investors
within the meaning of the Prospectus Regulation (or who are other persons to
whom the offer may lawfully be addressed) and must not be acted on or relied
on by other persons in that Member State.

If and to the extent that this announcement is communicated in, or the offer
of the securities to which it relates is made in, the UK before the
publication of a prospectus in relation to the securities which has been
approved by the competent authority in the UK in accordance with the
Prospectus Regulation, as it forms part of domestic law by virtue of the
European Union Withdrawal Act 2018 (the "UK Prospectus  Regulation"), this
announcement and the offer are only addressed to and directed at persons in
the UK who are qualified investors within the meaning of the UK Prospectus
Regulation (or who are other persons to whom the offer may lawfully be
addressed) and must not be acted on or relied on by other persons in the UK.

This announcement is not an offer of securities for sale into the United
States. The securities have not been, and will not be, registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an exemption from registration. There
will be no public offer of securities in the United States.

Any legends, disclaimers or other notices that may appear below are not
applicable to this communication and should be disregarded. Such legends,
disclaimers or other notices have been automatically generated as a result of
this communication having been sent via Bloomberg or another email system.

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