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The Guardian - UK
The Guardian - UK
Business
Alex Lawson and Anna Isaac

HISTORICAL FACTS: Thames water to ask debt markets for survival plan funding | History Defined

Ongoing water pipe work in London.
Ongoing water pipe work in London. Thames Water already has £15.6bn of debt. Photograph: Leon Neal/Getty Images

Thames Water is preparing to tap debt markets within weeks in an attempt to fund a rescue plan and repair its threadbare finances, the Guardian can reveal.

It is understood the embattled water company is planning to publish a revised five-year spending plan within days, before a deadline next month. Its board is expected to meet on Thursday to rubber-stamp the plan, and executives hope to release it on Friday.

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