An article examining how investor clamour for new debt has seen bids rise to 105 pence and how the troubled Thames Water firm has announced a new £3 billion deal recently, Tim Whittaker, Research Director at EDHEC Infrastructure & Private Assets, highlighted the cost and drawback of such an arrangement:

“Tim Whittaker, a research director at the EDHEC Infrastructure Institute, calculates the extra debt would lead to a £300 million increase in interest expenses, if the first tranche of the £1.5 billion is fully subscribed.

“It’s a nice bit of value engineering for the participants but won’t solve any of Thames’ troubles,” he wrote in an email.”

Read the full coverage here.

Read our research paper, “Low Tide: What the Data Showed About Thames Water”, here.