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Published 12 days ago

Thames Water faces bondholder pressure amid default fallout

Summary by City AM
Amid mounting financial uncertainty at Thames Water, a consortium of bondholders has issued a formal request for a meeting with the company’s management. The group, which claims ownership of more than £5bn in Thames Water bonds, outlined their demands in a letter from advisers legal firm Akin Gump and investment bank Jefferies, obtained by the Financial Times. Citing alarming “press reports” alluding to possible “material impairment” of their h…

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Thames Water faces bondholder pressure amid default fallout

Amid mounting financial uncertainty at Thames Water, a consortium of bondholders has issued a formal request for a meeting with the company’s management. The group, which claims ownership of more than £5bn in Thames Water bonds, outlined their demands in a letter from advisers legal firm Akin Gump and investment bank Jefferies, obtained by the Financial Times. Citing alarming “press reports” alluding to possible “material impairment” of their h…

12 days ago·London, United Kingdom
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