Bond giant Pimco sells bulk of Thames Water debt position
Pimco, the giant bond fund manager, has offloaded hundreds of millions of pounds of Thames Water debt as the crisis-hit utility limps towards a private sector rescue deal aimed at averting the threat of temporary nationalisation.
Cash-strapped Thames Water has revealed a further rise in its debt pile while recording a return to profit on the back of inflation-busting hikes to bills.
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19-02-2026, 10:02 AM
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Bond giant Pimco sells bulk of Thames Water debt position