Cookie consent

We use cookies to track how you use our website to help improve your experience and show you personalised content. You can accept the use of all cookies or manage them individually. You can find out more about your options by clicking “manage cookies".

Strictly necessary/functionality cookies

Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.

Find out more about our cookies

Long term public debt issues

The main driver behind the group's debt requirement is the capital investment programmes of United Utilities Water Limited. The group has begun funding its AMP8 (2025-30) investment programme and at 31 March 2025 had liquidity extending into 2027.

Below is a chart detailing our gross debt position as at 31 March 2025.

Gross Debt = £10.8bn

GBP fixed bonds £3,098.5m. EUR, HKD, JPY, USD and NOK bonds £1,827m. Yankee bonds (USD) £330.2m. GBP RPI links bonds £2,672.3m. EIB and other RPI linked bonds swapped to CPI/CPIH £632.9m. GBP CPI linked bonds and loans £516.7m. Other borrowings including lease obligations and short-term debt £209.5m. EIB & other floating GBP loans £845.2m

Below is a chart detailing our term debt maturity profile as at 31 March 2025.


2025-30: ~£2400m. 2030-35: ~£3750m. 2035-40: ~£2000m. 2040-45: ~£1400m. 2045-50: ~£900m. 2050-55: ~£400m. 2055-60: ~£3000m

Yankees

More information on long term public debt issues - Yankees

Euro medium term notes

More information on long term public debt issues - Euro medium term notes

Notepad icon

Detailed borrowings information

Details of our borrowings including terms and maturities

Borrowings details