Councils are backing plans to create a Scandinavian-style collective municipal bond agency, which would offer local government cheaper borrowing to fund projects such as new housing and road...
Plans to establish a municipal bonds agency for local government could provide cheaper borrowing for councils than the Public Works Loan Board, an international expert has told Public Finance.
Councils in the North of England should issue a collective municipal bond to raise funds for capital projects, the Institute for Public Policy Research said today.
The Local Government Association has urged the Treasury to back plans for a municipal bonds agency in the Budget, warning that councils could miss out on investment from pension funds if ministers...
A group of councils are considering the first major local government bond issue since the 1980s as part of proposals to back a range of green energy projects.
Councils will have to give the government details of their borrowing plans to qualify for the lower Public Works Loan Board interest rates announced in the Budget, it has been revealed.
The interest rate cut for some local authority borrowing could scupper councils’ plans to issue bonds to raise funds for infrastructure projects, Public Finance has learned.
English councils are considering issuing small local bonds to raise funds for essential capital projects, according to the New Local Government Network.
Local authorities have been warned that they will need to guarantee each others’ debts if a new local authority bond agency is to get the top credit rating needed to make the plans viable.
An extension to the London underground network could be one of the projects given the go-ahead after a London council was awarded two top credit ratings.
The Local Government Association will next month announce plans for a bond club arrangement that could allow councils to jointly borrow from financial markets.
Wandsworth has put on hold its plan to issue a council bond to finance housing improvements. But the London borough's finance director believes that this form of borrowing still has a role to...
Birmingham City Council has been given a triple-A credit rating by one of the world’s biggest rating agencies as the authority positions itself to borrow money from financial markets.
Councils are pressing ahead with plans to borrow through the bond market for the first time in more than two decades, despite the cut in public borrowing interest rates, Public Finance has been told.