United Utilities a New Year.

A000.Good point about the "no dividend" if taken over!. However I would question the interest rate quoted on the loan note of 1.7829%. After wading through all these relevant pages I eventually found the rate but it us quoted as 1.7829 multiplied by some other factor. Elsewhere it seems to be connected to a 2% treasury 2035 gilt. A gilt yield higher than the current market rate inevitably incurs a premium but I am not sure what happens when the gilt yield is below the current market rate as in this case.Perhaps you could clarify.