Irish Water banks on increasing available debt

30th December, 2014

Irish Water is in advanced negotiations with a number of domestic and international banks over increasing the amount of debt the new utility can call on.

The company is hopeful of announcing more debt facilities in the coming weeks, in addition to a €50 million loan advanced to the new utility by Bank of Ireland last month.

Irish Water confirmed that it would be predominantly relying on bank financing and overdrafts to make up a...

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