Thames Water’s £190 Million Debt Trades as Rescue Talks Drag On

A chunk of Thames Water’s debt changed hands this week as negotiations over a rescue plan for the ailing utility have yet to yield a breakthrough.

Around £190 million ($250 million) of Class A index-linked loans due in 2033 were sold via auction, according to people familiar with the matter, who spoke on condition of anonymity. Thames Water’s bonds edged up on the back of the sale, with the securities due in April 2029 gaining over 3 cents this week to around 69 cents on the euro, according to pricing compiled by Bloomberg.

A spokesperson for Thames Water declined to ...