EUROPE WATER NEWS IN BRIEF
- From: Vol 11, Issue 2 (February 2010)
- Category: Brief
- Region: Europe
- Related Companies: Acquedotto Pugliese, Barclays, Christ Water Technology, GLV, Poyry, Royal Bank of Scotland, Severn Trent, South East Water and United Utilities
*South East Water returned to the bond markets in early February after a six-year absence, raising £130 million of inflationlinked notes due in June 2041.
Barclays and RBS led the deal, which bodes well for further issuance of this sort from the sector over the course of this year. The deal, rated Baa2/BBB, was oversubscribed at the final pricing level of +190bps over the 0.625% index-linked Gilt due in 2042.
* Severn Trent, meanwhile, has hinted that it expects to meet the bulk of ...
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