Treasury
3-MO 4.21% -1bp 6-MO 4.28% -2bp 1-YR 4.46% -1bp 2-YR 4.79% -5bp 3-YR 4.88% -9bp 5-YR 5.03% -3bp 7-YR 5.15% -4bp 10-YR 5.27% -4bp 20-YR 5.68% -2bp 30-YR 5.64% -2bp 3-MO 4.21% -1bp 6-MO 4.28% -2bp 1-YR 4.46% -1bp 2-YR 4.79% -5bp 3-YR 4.88% -9bp 5-YR 5.03% -3bp 7-YR 5.15% -4bp 10-YR 5.27% -4bp 20-YR 5.68% -2bp 30-YR 5.64% -2bp 3-MO 4.21% -1bp 6-MO 4.28% -2bp 1-YR 4.46% -1bp 2-YR 4.79% -5bp 3-YR 4.88% -9bp 5-YR 5.03% -3bp 7-YR 5.15% -4bp 10-YR 5.27% -4bp 20-YR 5.68% -2bp 30-YR 5.64% -2bp 3-MO 4.21% -1bp 6-MO 4.28% -2bp 1-YR 4.46% -1bp 2-YR 4.79% -5bp 3-YR 4.88% -9bp 5-YR 5.03% -3bp 7-YR 5.15% -4bp 10-YR 5.27% -4bp 20-YR 5.68% -2bp 30-YR 5.64% -2bp 3-MO 4.21% -1bp 6-MO 4.28% -2bp 1-YR 4.46% -1bp 2-YR 4.79% -5bp 3-YR 4.88% -9bp 5-YR 5.03% -3bp 7-YR 5.15% -4bp 10-YR 5.27% -4bp 20-YR 5.68% -2bp 30-YR 5.64% -2bp 3-MO 4.21% -1bp 6-MO 4.28% -2bp 1-YR 4.46% -1bp 2-YR 4.79% -5bp 3-YR 4.88% -9bp 5-YR 5.03% -3bp 7-YR 5.15% -4bp 10-YR 5.27% -4bp 20-YR 5.68% -2bp 30-YR 5.64% -2bp
US Treasury par yield curve · Oct 6 · Source: U.S. Treasury
Wednesday, October 7, 2026
U.S. Edition
MONEY & WORLD
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Water utilities

Pennon launches £550m rights issue and cuts per-share dividend about 30%

Money & World
The Editorial Team ·
An illuminated water treatment plant viewed from above at night. Stock photo
Stock photo. Not the actual scene. Photo: Max Chen / Pexels

Pennon Group launched a fully underwritten £550m rights issue Wednesday to support an expanded water investment plan and reduce leverage, according to its London Stock Exchange announcement.

The utility will offer 220,257,997 new shares at 250 pence each, with seven new shares for every 15 existing shares. The price represents a 35.5 percent discount to the theoretical ex-rights price based on Tuesday's 452 pence close.

The dividend will shrink.

Pennon plans a £125m total dividend for fiscal 2026-27, down from £138m the prior year. After accounting for the rights issue and bonus factor, it expects a dividend near 18 pence per share, about 30 percent below the underlying prior-year level.

The company increased planned regulated water investment to £3.6bn through March 2030, about £1bn above its original plan. It targets regulated gearing at or below 65 percent of regulatory capital value.

The document: Pennon Group plc, Rights Issue, RNS 9617X, October 7, 2026.

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