South East Water goes for thin equity
- From: Vol 4, Issue 12 (December 2003)
- Category: General
- Region: Asia
- Country: Australia
- Related Companies: Anglian Water, Barclays Capital, Deutsche Bank, Glas Cymru, Macquarie Bank, Moody’s, Northumbrian Water, South East Water and Southern Water
Macquarie Bank is looking at options to gear up its newly acquired water company.
Australia’s Macquarie Bank is looking to refinance its £426m acquisition of South East Water with a bond issue in the first three months of next year.
The bridge loan that Barclays Bank put up for Macquarie to buy SEW at the beginning of October has a term of 18 months, but the Australian bank is keen to take the ...
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