CHOPPY MARKETS

* Market conditions continue to take their toll on water fundraisings.

After last month’s postponement of the American Water initial public offering in New
York, this month IDE pulled out of its $200 million London offering, the Dubai Electricity and Water Authority stepped back from its US$ Sukuk issue, and we picked up rumours that Biwater had been forced to postpone plans to float its Cascal division on the New ...

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