A long time between drinks
- From: Vol 10, Issue 1 (January 2009)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, Kelda and Severn Trent
A new benchmark from United Utilities has repriced the bond market for UK water companies. Thames, meanwhile,is gearing up for a debut Euro-denominated deal.
United Utilities surprised the market by popping up with a new £250 million bond issue just before Christmas, its first benchmark in the currency for nearly four years. The deal marks the first time a UK water company has accessed the mainstream market since the banking crisis took hold, and effectively re-priced the sector.
When UU last issued a benchmark ...
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