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England's Anglian Water to sell £200 million five-year secured notes
By Paul A. Harris
Portland, Ore., Jan. 18 - Anglian Water (Osprey) Financing plc is expected to begin marketing a £200 million offering of five-year senior secured notes (Ba3) during the Jan. 17 week, according to market sources.
Barclays Capital, BNP Paribas, HSBC, Lloyds TSB, Morgan Stanley and the Royal Bank of Scotland are leading the deal.
Proceeds from the notes sale will be used to help fund a leveraged buyout of the company by Canada Pension Investment Board, Colonial First State Global Asset Management and 3i Group.
The prospective issuer is a Huntingdon, England-based water company that operates in the east of England.
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