EUROPE WATER IN BRIEF
- From: Vol 12, Issue 2 (February 2011)
- Category: Brief
- Region: Europe
- Country: France, Hungary, Russian Federation and United Kingdom
- Related Companies: Cogent Environmental, GdF Suez Energy International, Hydraulic Machines & Systems Group (HMS), International Power, Modern Water, Northumbrian Water, Suez Environment and Thames Water
* The Global Depositary Receipts of Russian pump manufacturer HMS Group began trading in London on 14 February, after the company’s IPO raised $360 million in total, valuing HMS’s equity at $967 million.
The GDRs were priced at $8.25 each – well below the initially indicated range of $9.25-12.00 – and had slipped below $8.00 by the time GWI went to press.
* Thames Water issued an oversubscribed £500 million benchmark 30-year bond in early February – its largest single-tranche Class A note since 2006. The bonds pay a coupon of 5.50 ...
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