Photographer: Krisztian Bocsi/Bloomberg

European Utilities Face Record Refinancing as Margins Slide

Updated on
  • Companies must repay bondholders $31 billion in 2016
  • Borrowing costs climb from record-low to near highest in year

European utilities from Enel SpA to Engie SA and RWE AG need to repay a record amount of bonds in euros next year as the lowest wholesale electricity prices in 12 years erode profitability.

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