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REFILE-Severn Trent plans 9-yr stg benchmark bond -IFR

Tue Jan 13, 2009 4:06am EST

Stocks

   

(Refiles to remove second 'a' in first paragraph)

LONDON, Jan 13 (Reuters) - Britain's Severn Trent Utilities Finance (SVT.L) plans to sell a nine-year sterling benchmark bond, IFR reported on Tuesday.

Price guidance is set at 5 percent 2018 UK Treasury bonds plus 290 to 300 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

BNP Paribas, Citigroup, HSBC and Royal Bank of Scotland are named to manage the deal.

The finance arm of the British water utility is rated A by Standard & Poor's and A2 by Moody's Investors Service.

(Reporting by Jane Baird)



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