Long term public debt issues

The main driver behind the group's debt requirement is the capital investment programmes of United Utilities Water Limited. For the AMP7 regulatory period 2020-25, we expect to raise around £2.7 billion to cover refinancing and incremental debt, supporting our five-year investment programme. Coming into AMP7 we already had c£1 billion of liquidity.  In the first three years of AMP7 we have raised just under £2 billion, extending our liquidity position out to August 2025 as at 31 March 2023.

Below is a chart detailing our gross debt position as at 31 March 2023.

grossdebt 31stmay.png

Below is a chart detailing our term debt maturity profile as at 30 September 2022.

long term debt profile 31stmay.png