UK water companies turn to US for funding
- From: Vol 13, Issue 1 (January 2012)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, Northumbrian Water, Thames Water, Wessex Water and Yorkshire Water
The latest trend among UK water companies has been to access the US private placement market for their wholesale funding needs. It is more attractive for some than for others.
UK water companies accessed the US private placement bond market for the equivalent of more than $1 billion in 2011, opening up a major new source of funding for a sector which has traditionally relied on sterling to meet the bulk of its wholesale borrowing needs.
What started as a trickle ended up as a torrent as the year drew ...
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