AFFINITY ANNOUNCES RECEIPT OF £150M EQUITY

Summary by AI BETAClose X

Affinity Water Finance PLC announces the successful receipt of a £150 million equity injection from its shareholders, which will support its comprehensive £2.3 billion investment programme planned for 2025-2030. This investment aims to ensure the long-term sustainability, resilience, and affordability of water services, maintain strong investment grade credit ratings, and fund essential infrastructure improvements. The company also lists various bond issuances totaling £905 million with varying interest rates and maturity dates, including RPI-linked and fixed-rate bonds.

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