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UK Grid's Big Rights Offer Shows Sector Appeal Over Ailing Water

UK Grid's Big Rights Offer Shows Sector Appeal Over Ailing Water
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Thames Water's Troubles Are Rattling Peers in the Bond Market

(Bloomberg) Water utilities across England are feeling pressure in the bond market as the crisis at Thames Water Ltd. turns attention to the industry’s debt burdens.Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBlackstone Nears Buyout of Skin-Care Company L’OccitaneWhy India’s South Rejects Modi — And Why It MattersGermany to Order Ships, Armored Vehicles Worth Up to €7 BillionThe risk premium, or extra spread compared with go ....

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Thames Water Owner Kemble Defaults on £400 Million of Bonds

(Bloomberg) The holding company of Thames Water Ltd. defaulted on about £1.4 billion ($1.7 billion) of debt after failing to make an interest payment, in the latest escalation of the crisis at the UK’s largest water utility. Most Read from BloombergNY Area Hit by Biggest Quake in 140 Years; Flights DisruptedTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionZimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiGSaudi Crown Prince MBS’s $100 Billion Foreign Inve ....

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