AWG taps market for £400 million
- From: Vol 6, Issue 4 (April 2005)
- Category: General
- Region: Europe
- Country:
- Related Companies: Anglian Water, AWG, HSBC and Royal Bank of Scotland
An inflation-linked bond issue is restructured by an intermediary to retail as a fixed rate bond.
AWG has raised a further £400 million from the capital markets with a repackaged bond that has enabled it to trim the costs of the long-term debt by about £500,000 a year.
The parent company of Anglian Water issued the debt initially out of the €10 billion programme it set up in 2002 to tap the bond market at ...
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