UU and Northumbrian go index linked
- From: Vol 6, Issue 10 (October 2005)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, Barclays Capital, Northumbrian Water, Southern Water, Standard & Poor’s and United Utilities
The bond market is lapping up the water sector’s offerings.
Two more UK water companies issued long-term index-linked bonds in the past month to secure cheap finance for the capital-investment programmes they will undertake over the next five years.
United Utilities sold £100 million of index-linked bonds, with a maturity of 30 years and paying a coupon of fractionally under 2%, out of its medium-term note programme on 4 October ...
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