Thames Water draws another £600m from the funding well
Thames Water sold £600m of tightly-priced bonds on Monday, despite a poor start to sentiment this week in equity and credit markets. The UK’s largest water company raised £300m in 22 year debt at 180bp over Gilts, for a coupon of 4.375%, and another £300m of 34 year money at Gilts plus 170bp, for a coupon of 4.625%.
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