Publication of Final Terms

Summary by AI BETAClose X

Bazalgette Finance plc has successfully issued Tideway's second Sterling Blue Bond, a £250,000,000 6.625% Fixed Rate Blue Bond due 2036, under its £10,000,000,000 Multicurrency Programme. This issuance reinforces Tideway's commitment to improving the River Thames' water quality and preventing sewage discharges, with proceeds dedicated to sustainable marine and freshwater resource projects. S&P Global Ratings has assessed Tideway's Sustainable Finance Framework as Dark Green, applicable to all bonds under the programme.

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Bazalgette Finance PLC
06 October 2026
 

6 October 2026 

Bazalgette Finance plc

Publication of Final Terms

XS3526056547

Tideway, the company behind London's super sewer, became the first corporate issuer of a Sterling Blue Bond through its financing company, Bazalgette Finance plc, in July 2025. Bazalgette Finance plc has now successfully issued Tideway's second Sterling Blue Bond, further demonstrating Tideway's commitment to improving water quality in the River Thames and preventing sewage discharges from reaching the environment.

Blue Bonds are a subset of Green Bonds, with proceeds used to finance or refinance eligible projects and expenditure supporting the sustainable use and protection of marine and freshwater resources. Tideway has issued 18 Green Bonds and 2 Blue Bonds to date. This latest issuance reflects Tideway's progress, with the tunnel operational and delivering environmental benefits for the River Thames.

The following Final Terms are available for viewing:

Final Terms dated 6 October 2026 in respect of Bazalgette Finance plc £250,000,000 6.625% Fixed Rate Blue Bonds due 2036 (ISIN: XS3526056547/Common Code: 352605654), issued under Bazalgette Finance plc's £10,000,000,000 Multicurrency Programme for the issuance of Bonds (the "Programme").

Following an update to Tideway's Sustainable Finance Framework in May 2025, S&P Global Ratings assessed the Framework as Dark Green, which applies to all bond series under the Programme.

A copy of the Final Terms has been submitted to the National Storage Mechanism and is available for inspection at:  

 

http://www.rns-pdf.londonstockexchange.com/rns/8552X_1-2026-10-6.pdf

 

 

For further information, please contact:

 

Investor relations: investor.relations@tideway.london

Media enquiries: press@tideway.london

Taylor Geall  

07813 450 682

Bazalgette Finance plc
Part Level 7, Riverside House,
2A Southwark Bridge Road,
London,
SE1 9HA

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