WUC Set To Pay Off P195m Bond

Monday, June 11, 2018

Water Utilities Corporation (WUC) is yet to decide on a fresh round of public borrowing, despite figures showing a P300 million deficit for their last financial year.

The cash-strapped utility will pay off its P195 million bond on June 26, 2018, when it matures. WUC has another P205 million bond due to mature in 2026.

WUC acting CEO, Thapelo Kalake told Business Monitor on Thursday that no plans had yet been made to issue a new bond for funding.

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