Unlocking the value of sale-and-leaseback
- From: Vol 8, Issue 12 (December 2007)
- Category: General
- Region: Europe
- Country:
- Related Companies: Glas Cymru, Royal Bank of Scotland and Welsh Water
Welsh Water’s latest round of financing means that close to one third of its funding is derived from sale-and-leaseback transactions. What advantages does this particular asset class offer?
The recent £85 million sale-and-leaseback deal that Welsh Water concluded with Royal Bank of Scotland for a section of refurbished water mains means the utility is now drawing about a third of its financing needs from such arrangements.
The other two thirds of the water company’s funding requirement come from bonds issued out of the securitisation-style programme that RBS ...
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