Severn Trent Pricing 8-Yr Euro Bond At Swaps +1.15-1.20

LONDON (Dow Jones)--Severn Trent Utilities Finance PLC has set price guidanceat 115-120 basis points over mid-swaps for its upcoming, eight-year, euro-denominated benchmark bond, one of the banks managing the deal said Tuesday.

Barclays Capital, BNP Paribas and Royal Bank of Scotland have been hired asjoint-lead managers for the transaction, which is expected to price as early aslater Tuesday, subject to market conditions.

Severn Trent Utilities Finance is guaranteed by Severn Trent Water Ltd.

-By Clare Connaghan, Dow Jones Newswires; +44 (0) 20 7842 9496;clare.connaghan@dowjones.com

(END) Dow Jones Newswires 03-04-08 0537ET Copyright (c) 2008 Dow Jones & Company, Inc.

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