Outstanding Borrowings
ScottishPower’s debt financing is a combination of external and intercompany borrowings. The following publicly tradable bonds and private placements have been issued by ScottishPower Group companies and are therefore currently outstanding borrowings:
Issuer: Scottish Power UK plc
| ISIN | Currency | Notional Principal (million) |
Coupon | Date of Issuance |
Maturity |
|---|---|---|---|---|---|
| Private Placement | JPY | 10,000 | 4.6% | 26/07/1999 | 27/07/2029 |
| XS0104644983 | GBP | 50 | 5.750% | 09/12/1999 | 09/12/2039 |
| XS0129647813 | GBP | 100 | 6.375% | 31/05/2001 | 31/05/2041 |
Issuer: SP Distribution plc(2)
| ISIN | Currency | Notional Principal (million) |
Coupon | Date of Issuance |
Maturity | Prospectus |
|---|---|---|---|---|---|---|
| XS0649291944 | GBP | 350 | 5.875% | 18/07/2011 | 17/07/2026 | 1) SPDF
offering circular 2) SPDF issuer substitution |
(2) Notes were originally issued by SPD Finance UK plc. With effect from the 30 September 2014 the original issuer was substituted by SP Distribution plc
Issuer: SP Manweb plc
| ISIN | Currency | Notional Principal (million) |
Coupon | Date of Issuance |
Maturity | Prospectus |
|---|---|---|---|---|---|---|
| XS0828007277 | GBP | 350 | 4.875% | 20/09/2012 | 20/09/2027 | Manweb Offering Circular with accounts |
Warning: this information was last updated on 30th September 2015.
Issuer: SP Transmission plc
| ISIN | Currency | Notional Principal (million) |
Coupon | Date of Issuance |
Maturity | Prospectus |
|---|---|---|---|---|---|---|
| XS2068966048 | GBP | 345.5 | 2.000% | 13/11/2019 | 13/11/2031 | SP Transmission Offering Circular with accounts |
Yankee Bonds
In 2005 Scottish Power Limited (formerly Scottish Power plc) issued US$1,500m of Yankee bonds. The bonds had maturities of 5, 10 and 20 years and for notional amounts of US$550m (4.91%, ISIN US81013TAA97), US$600m (5.375% ISIN US81013TAB70) and US$350m (5.81% ISIN US81013TAC53) respectively. Following the takeover of Scottish Power Limited by Iberdrola S.A. in April 2007, to help manage the enlarged group’s structural subordination position, the bonds were transferred on 24 October 2007 under a change of obligor to Iberdrola International BV a 100% irrevocably guaranteed subsidiary of Iberdrola S.A.
