Thames Water To Price 7Y Class B Sterling Bond At Gilts +2.85

13th Jul 2010 11:58

LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Ltd. plans to sell a seven-year class B sterling bond at 285 basis points over gilts, one of the banks leading the deal said Tuesday. Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley are leading the deal, which is expected to launch and price in the near future, subject to market conditions. -By Michael Wilson, Dow Jones Newswires; 44 20 7842 9349; [email protected] (END) Dow Jones Newswires July 13, 2010 06:58 ET (10:58 GMT)