Barclays Capital

53 articles about "Barclays Capital"

Secondary BOT market comes of age Vol 12, Issue 9 (September 2011)

Recent trade in operational water and wastewater BOT assets has been brisk. What is driving the renewed activity in the sector?

Leverage to remain low at Northumbrian Vol 12, Issue 8 (August 2011)

CKI’s £4.8 billion public-to-private bid for Northumbrian Water is unlikely to raise leverage at the operating company. The change of control may trigger some debt refinancing.

Thames Class B passes with flying colours Vol 11, Issue 9 (September 2010)

The second subordinated bond in as many months from Thames Water will enable the borrower to repay £835 million of acquisition debt. The deal sold out within two hours.

EUROPE WATER NEWS BRIEF Vol 11, Issue 5 (May 2010)

The EBRD is considering providing a sovereign loan of up to €30 million to the Canton of Sarajevo, the capital of Bosnia and Herzegovina, to finance the upgrade and replacement of its water and sewerage network in order to reduce water losses.

UK half-year profits hit by rising bad debts Vol 10, Issue 12 (December 2009)

Increasing bad debts mean that most of the quoted UK water stocks struggled to improve profitability in the six months to September. The future looks brighter as far as energy bills are concerned.

Veolia seeks £500m from UK asset sales Vol 10, Issue 7 (July 2009)

The question of whether Veolia views its UK water assets as core holdings is now in doubt. It wants to offload a 49% stake in order to tidy up its balance sheet.

Poseidon awaits crunch decisions Vol 10, Issue 6 (June 2009)

The Carlsbad project may yet have a second lap of the permitting process to go. Christopher Gasson looks at what the marathon means from an investor perspective. Is the process so bad that it is good?

The dark side of inflation-linked debt Vol 10, Issue 4 (April 2009)

Concerns over falling inflation have led to new equity injections at three privately owned UK water companies. It is the downside of having so much index-linked debt.

Thames shareholders pay up to increase leverage Vol 9, Issue 2 (February 2008)

Thames Water has paid off its bondholders to permit it to increase leverage. The extra debt it can raise should come in handy to pay shareholders.

UK water companies go abroad for funding Vol 9, Issue 2 (February 2008)

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.