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

ISINCurrencyNotional Principal
(million)
CouponDate of
Issuance
Maturity
XS0073359548GBP2008.375%20/02/199720/02/2017
Private PlacementGBP3005.9%22/02/2001 (1)22/02/2021
XS0087240163GBP2506.750%29/05/199829/05/2023
XS0118775591GBP1753.494%13/10/2000 (2)13/10/2024
Private PlacementJPY10,0004.6%26/07/199927/07/2029
XS0104644983GBP505.750%09/12/199909/12/2039
XS0129647813GBP1006.375%31/05/200131/05/2041

(1) Private placement issued in 2 tranches on 22 February 2001 and 21 June 2001

(2) Inflation linked debt, issued in a total of three tranches. Taps on 22 January 2001 and 12 February 2001

Issuer: SP Distribution plc(3)

ISINCurrencyNotional Principal
(million)
CouponDate of
Issuance
MaturityProspectus
XS0649291944GBP3505.875%18/07/201117/07/20261) SPDF offering circular
2) SPDF issuer substitution

(3) 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

ISINCurrencyNotional Principal
(million)
CouponDate of
Issuance
MaturityProspectus
XS0828007277GBP3504.875%20/09/201220/09/2027Manweb Offering Circular
with accounts

Warning: this information was last updated on 30th September 2015.

Issuer: SP Transmission plc

ISINCurrencyNotional Principal
(million)
CouponDate of
Issuance
MaturityProspectus
XS2068966048GBP3502.000%13/11/201913/11/2031SP 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.

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