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Thames Water (Ba3): More Hedge Fund Buying Reported

UTILITIES
  • The Times reports that funds including Anchorage, Sona, King Street, Sculptor, Centerbridge and Polus are said to be buying THAMES bonds.
  • Said to be mainly class A debt. This follows reports of Elliot Management involvement last week.
  • THAMES € spreads rallied 15bp on average last week.
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  • The Times reports that funds including Anchorage, Sona, King Street, Sculptor, Centerbridge and Polus are said to be buying THAMES bonds.
  • Said to be mainly class A debt. This follows reports of Elliot Management involvement last week.
  • THAMES € spreads rallied 15bp on average last week.