UK water companies go abroad for funding
- From: Vol 9, Issue 2 (February 2008)
- Category: General
- Region: Europe
- Related Companies: Anglian Water, Barclays Capital, Kelda, Mitchells & Butlers, Severn Trent and United Utilities
The ongoing credit crisis has curbed UK water companies’ access to the debt market on which they rely so heavily. It is now a case of diversify or die.
UK water companies are looking at raising money through foreign currency bonds in the first half of 2008, amid fears that the credit crisis has shut off access to the long-dated sterling market that they have historically relied on for most of their debt.
Barclays Capital conducted a European investor roadshow in early February on behalf of Severn Trent, although ...
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