Anglian Water issues $350M Kangaroo bond in Australian market
What happened
Anglian Water debuted in the Australian public bond market by issuing a $350 million five-year Kangaroo bond. Linklaters and Allens advised Anglian Water on the transaction. The company is the first UK water company to access the Australian public bond market, and this issuance contributes to a record year for global corporate borrowers in the Kangaroo market in 2026.
From miragenews.com
Why it matters
The bond issuance is part of Anglian Water's long-term strategy to diversify its funding. The company plans to deliver its largest-ever investment program, with around £11 billion planned across the AMP8 programme from 2025 to 2030.
From miragenews.com
Who's involved
- Anglian WaterThe water company that issued the $350 million bond.
- LinklatersProvided expert legal counsel for the bond issuance.
- AllensServed as part of the advisory team for the bond issuance.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- LinklatersSpeculative
Linklaters could see increased revenue from advising on major international bond issuances.
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The entities involved
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Anglian Water
water company that operates in the East of England
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Linklaters
London headquartered multinational law firm
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Allens
Australian commercial law firm
Nothing else this week.