Traders from major financial institutions are actively seeking to acquire portions of a new super senior debt facility for Thames Water. This move comes as the utility faces a potential liquidity crisis in the near future.
Bids for the emergency funding are reportedly being offered at a significant premium over the anticipated issuance price. In addition to this pricing, there are expected to be additional incentives for the funds that will support the facility.
As Thames Water navigates its financial challenges, the interest from prominent debt traders underscores the urgency and potential profitability of this funding opportunity.