New wave of bond issues on the way
- From: Vol 6, Issue 9 (September 2005)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, AWG, Barclays Capital, Dwr Cymru, HSBC, Pennon/South West Water, Royal Bank of Scotland, RWE, South East Water, Southern Water, Thames Water, United Utilities, Wessex Water and YTL
The water and sewerage companies are looking raise £16.9 million. It will keep the banks and lawyers busy.
Several large UK water and sewerage companies are expected to issue nine-figure bonds over the next few months to meet much of the £16.9 billion they are committed to spend on their capital programmes up to 2010.
Bankers and analysts have been surprised at the lack of bond issues so far this year, given the sheer volume of debt ...
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