Anglian continues to leverage up
- From: Vol 8, Issue 4 (April 2007)
- Category: General
- Region: Europe
- Country:
- Related Companies: Anglian Water, Royal Bank of Scotland, Southern Water and Welsh Water (Dwr Cymru)
RBS has continued its run of structuring credit-enhanced bond issues for UK water companies. Anglian is the latest to take advantage of the offer.
Anglian Water continues to leverage up, and has followed up last summer’s £150 million long-dated index-linked debt package with another 50-year bond issue.
The new £100 million note received triple-A ratings from all the major ratings agencies on account of the credit enhancement feature, which comes in the form of a monoline wrap from MBIA UK Insurance. Treasurer Jane ...
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