Barclays Is Selling Thames Water Debt as Rescue Talks Continue

Barclays Plc is selling £236 million ($320 million) of Thames Water debt as the struggling water operator is locked in talks with creditors over a potential rescue.

The inflation-linked liabilities were offered via an auction where bid were due on Thursday, said people familiar with the matter, who spoke on the condition of anonymity.

Representatives for Barclays and Thames Water declined to comment. Credit publication Octus reported earlier on the debt.

The sale comes after it emerged earlier this week that the UK government has lined up FTI Consulting to oversee the company were it to fall in a potential ...