Table 2.1.
Financing Eurotunnel
1986 | Concession to build the channel Tunnel awarded to Eurotunnel |
£46 million seed corn equity raised | |
£206 million share placing with institutions | |
1987 | £5 billion loan facility agreed with 200 syndicate bank |
770 million equity funding from public offer in the UK and France | |
1990 | £1.8 billion additional debt from syndicate |
£300 million loan from European investment bank | |
£650 million rights issue | |
1994 | £700 million raised from banks |
£850 million rights issue, priced at 26 per cent discount and entirely underwritten. |
Source: Adapted from Press Cuttings.