South West Water is the water and wastewater service provider for 1.7million people across Cornwall, Devon, Somerset and Dorset. South West Water has changed the pricing benchmark on an outstanding loan with SONIA from LIBOR to SONIA . The loan has a sustainability element, with the spread over the benchmark rate tightening if the company hits sustainability targets, making it the second Viridor -linked sustainable loan in the market. It is also the first SONIA -linked loan in a pilot scheme the bank is running with a small group of customers ahead of offering SONIA -linked loans to the wider market.
South West Water has changed the pricing benchmark on an outstanding loan with SONIA from LIBOR to SONIA . The loan has a sustainability element, with the spread over the benchmark rate tightening if the company hits sustainability targets, making it the second Viridor -linked sustainable loan in the market. It is also the first SONIA -linked loan in a pilot scheme the bank is running with a small group of customers ahead of offering SONIA -linked loans to the wider market.