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EXPORT SPORTS AGENCY INVEST LOSE £ 350mmn of water loans, the weighted fixation of the crisis to withdraw to withdrawal.
The export of development in Canada, built to help Canadian companies have been placed on the losses, equivalent to the currency borrowed by the water and filmin of US commissions last week.
Revelations followed a Financial Period Report Last year the body sells loans it made to cover the water at deep discounts while the utility crisis deepens.
Thames water problems are an explosion for Canadian institutions, among the UK infrastructure investors. The $ 250bn British Columbia Investment Management Corporation owns 8.7 percent of Thames water, which provides water services and growth services of 16mn customers.
Ottawa’s export agency originally borrowed to the 2018 utility to support an investment to the Ontario Municipal Retirement System employee. EDC says this month it eventually gives a total CAD $ 1.1bn (about £ 600mn).
Ang mga omer, usa sa pinakadako nga pondo sa publiko nga sektor sa Canada, nga gibutyag sa katapusan Mayo nga isulat ang kantidad sa tubig sa Thames, lakip ang mga dagko nga sharehander sa Utility, lakip ang ABU Dhabi Pondo sa Thames, lakip ang mga dagko nga mga sharehander sa pag-abut sa tubig, lakip ang mga dagko nga mga sharehander sa Utility, lakip ang Sobre sa Thames sa Utility, lakip ang Abu Dhabi Sovereign of Thames, including the envelope of Thames in the utility, including Abu Dhabi funds
Omers’ decision prompted to write stake, EDC sells £ 313mn of £ 300mn of hazardous types of loans at about £ 350mn. Class B debts are quoted in prices as of 27 cents in pounds in weeks after sale.
In the SEC combats, EDC says the loans sell for “worsening business and financial conditions, supporting Canadian entity we support investment”.
“As a financial institution that produces thousands of transactions a year, we know that losses can and occur; it is part of the business statement.
EDC said there was a “solid capital base, a strong record of the profit” and often paid the Canadian government to Canadian companies to make water “.
The Future of Thames Water – struggling under a £ 20bn debt mountain – is in balance after private equity firm KKR This month has left a suggestion to get a stake and inject £ 4bn.
The Canadian Royal Bank includes a group of senior classes in a lender – including US and silver flow funds – allowed to be expensive emergency financy. Lenders may end up claiming utility if their equity bid is successful.
UK Reed Reed Steve Steve Steve Steve Steve This week Said he “traveled” preparations to put water in the Thames special administration – if a lack of suitable response to the private sector it should be.
