Bazalgette cleans up 10 year demand with green bond

Thames Sewer
By Nigel Owen
22 Nov 2017

Bazalgette Finance issued its first benchmark bond on Wednesday, when it found itself the only corporate issuer in Europe on the day before the US Thanksgiving holiday.

Bazalgette Finance is the financing arm of Bazalgette Tunnel, the company responsible for building and operating the 25km Thames Tideway Tunnel, dubbed the “super sewer”. The construction of the sewer started in 2016 and is expected to be completed in 2023, at an estimated cost of £4.2bn ($5.59bn).

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