Yorkshire Water refinancing nears completion
- From: Vol 9, Issue 7 (July 2008)
- Category: General
- Region: Europe
- Country:
- Related Companies: Citigroup, Gulf Investment Corporation, Ofwat, Prudential, Yangzhou Water Supply Co and Yorkshire Water
Kelda’s new owners are putting the finishing touches to the refinancing of Yorkshire Water. The debt load at the holding company level remains a concern.
The group of financial investors that paid £3 billion for Kelda in November 2007 is expected to unveil a plan to refinance Yorkshire Water with a securitisation-type structure in the weeks ahead.
The Saltaire consortium, whose members now comprise the infrastructure funds of Citigroup, Prudential and the state-owned GIC of Singapore (following HSBC’s withdrawal from the consortium in May ...
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