Royal Bank of Scotland
73 articles about "Royal Bank of Scotland"
Armed with a new business plan, the French water services provider has secured three binding offers for a comprehensive recapitalisation. Not all of them were born equal.
The economic viability of the finance package for Thames Water’s Tideway project hinges on the extent of government support. What are the risks?
Refinancing the acquisition debt taken out to fund the purchase of Veolia’s regulated UK water business could prove challenging in the face of a sinking regulatory asset base.
The debate over UK water utilities’ exposure to index-linked swaps has intensified. Bank counterparties are now applying extra pressure to restructure existing arrangements.
The financial close of Water Corp’s first privately financed water project bodes well for the future procurement of greenfield water assets in Western Australia. The debt package came with substantial refinancing risk attached.
* Ebara Engineering Services is to be remaned Swing Corporation on 1st April. JGC and Mitsubishi Corporation bought into the operating services company last year, and currently own a third of the stock each.
The naming of a preferred bidder for Western Australia’s first water BOT shows that Water Corp is serious about the idea of using private finance in infrastructure. It has not turned its back on the alliance model.
Regulatory changes could conspire to raise the cost of borrowing for UK water companies. Investors are getting twitchy.
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.
Suez Environnement priced a €500 million 12-year bond into €2.3 billion of demand on 15 June.