Investor relations and debt investor relations are managed by Cadent's Corporate Treasury Team. The information contained within this area is generally for institutional investors and analysts interested in Cadent.
Latest financing activity
On 10 October 2019, Cadent issued a £300m bond which is due to mature in October 2035. This was issued under the EMTN at Cadent Finance plc with a coupon of 2.25%. The proceeds of this issuance have been used to part repay the £650m bond due to mature in Sept 2021.
On 11 July 2019, Cadent replaced its existing bank facilities that were due to mature in Sept and Oct 2021 with similar facilities that now mature in July 2024. Below is a summary of the elements:
On 19 March 2019, Cadent Finance plc issued £681m of fixed rate notes (including $200m which was swapped to GBP). This was issued in four separate tranches as summarised below:
Long term debt issued
Cadent issues debt under Cadent Gas Limited, Cadent Finance plc, Quadgas Finance plc and Quadgas Midco Limited. The existing debt programs are outlined below.