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1 Dec 20
The UK Municipal Bonds Agency has withdrawn a planned bond issuance with Warrington Borough Council after chancellor Rishi Sunak changed the terms of borrowing from the Public Works Loan Board.
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15 Sep 20
The coronavirus pandemic has led to local authorities exploring different paths for borrowing, says Merrick Cockell, chair of the UK Municipal Bonds Agency.
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22 May 20
Warrington Borough Council is to consider plans for a ‘community municipal bond’ investment to help meet its climate targets, after West Berkshire approved a similar scheme earlier this month.
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9 Mar 20
The “high quality” of the local government sector made the Municipal Bonds Agency’s first bond issuance possible despite turbulent financial markets, the agency’s chairman has told PF.
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5 Mar 20
The Municipal Bonds Agency today issued its inaugural bond at a rate of just over 1% - significantly beating the cost of borrowing from the Public Works Loan Board.
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23 Jul 18
With questions being asked about the future of the Public Works Loan Board, PF takes a look at some of the other ways local authorities can raise funds.
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4 Nov 16
Aberdeen City Council has become the first council in Scotland to raise finance through a bond with a £370m issue to boost investment in the city.
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26 Oct 16
Aberdeen City Council is poised to become the first local authority in Scotland to raise investment finance from the capital markets.
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10 Oct 16
Plans for local government bond issuances could be “supercharged” if the Treasury provides backing to municipal authorities as part of efforts to boost investment, the leader of England’s largest...
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10 Jun 16
Nearly 20 local authorities are set to approve the UK Municipal Bonds Agency’s regulations by the end of July, clearing the way for its landmark first issue to take place in the autumn.
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25 May 16
The first bond issue from the UK Municipal Bonds Agency is set to take place this autumn, chair Sir Merrick Cockell has confirmed.
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23 May 16
As plans for a municipal bond agency reach fruition in the UK, a similar project in New Zealand has shown how it can be beneficial for councils
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19 Feb 16
Cambridgeshire County Council has become the first local authority to approve the operating framework for the UK Municipal Bond Agency, meaning it could form part of the first bond issue.
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15 Feb 16
Credit rating agency Standard and Poor’s has said it expects the first issue from the Local Government Association-backed municipal bond agency to take place this year.
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25 Jan 16
The council-backed municipal bonds agency being formed to provide a new source of finance for local government is ready to put together its first issue once authorities approve its borrowing...
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20 May 15
A £200m inflation-linked bond issued by the Greater London Authority last week could provide a template for other local authorities looking to borrow from investors, according to a senior figure in...
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19 Feb 15
Councils are embracing a fundraising scheme that could save them nearly £1.5bn over 30 years even if they only refinance half their debt. Richard Johnstone on the first ever municipal bond issue
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21 Jan 15
Former Local Government Association chair Sir Merrick Cockell will lead the new municipal bonds agency that is being formed to lend money to councils.
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15 Dec 14
The first issue of a cross-sector local government bond is expected to take place next year after nearly 50 councils signed up to invest in the Local Government Association company that is developing...
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24 Oct 14
Local authority prudential borrowing rules will need to be reviewed if additional fiscal powers are devolved to town halls, a leading economist has said.
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15 Sep 14
Plans by the Local Government Association to create a municipal bond agency for UK councils is ‘credit positive’ and could improve financial oversight of town halls, ratings agency Moody...
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9 Sep 14
The Local Government Association has announced the creation of a new company to issue municipal bonds, as the long-running plan for councils to borrow from the capital market nears fruition.
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9 Jul 14
The first issue of municipal bond is set to go ahead next spring after the Local Government Association confirmed it had raised more than seven times the necessary funding to launch the agency.
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4 Jul 14
Government changes to the interest rate local authorities pay to borrow from the Public Works Loan Board have become a barrier to councils making decisions to invest in economic infrastructure, the...
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9 Jun 14
Birmingham City Council is set to provide £200,000 in start-up costs for the municipal bonds agency planned by the Local Government Association, it has announced today.
1 Dec 20The UK Municipal Bonds Agency has withdrawn a planned bond issuance with Warrington Borough Council after chancellor Rishi Sunak changed the terms of borrowing from the Public Works Loan Board.
15 Sep 20The coronavirus pandemic has led to local authorities exploring different paths for borrowing, says Merrick Cockell, chair of the UK Municipal Bonds Agency.
22 May 20Warrington Borough Council is to consider plans for a ‘community municipal bond’ investment to help meet its climate targets, after West Berkshire approved a similar scheme earlier this month.
23 Jul 18With questions being asked about the future of the Public Works Loan Board, PF takes a look at some of the other ways local authorities can raise funds.
4 Nov 16Aberdeen City Council has become the first council in Scotland to raise finance through a bond with a £370m issue to boost investment in the city.
10 Oct 16Plans for local government bond issuances could be “supercharged” if the Treasury provides backing to municipal authorities as part of efforts to boost investment, the leader of England’s largest...
10 Jun 16Nearly 20 local authorities are set to approve the UK Municipal Bonds Agency’s regulations by the end of July, clearing the way for its landmark first issue to take place in the autumn.
25 May 16The first bond issue from the UK Municipal Bonds Agency is set to take place this autumn, chair Sir Merrick Cockell has confirmed.
23 May 16As plans for a municipal bond agency reach fruition in the UK, a similar project in New Zealand has shown how it can be beneficial for councils
19 Feb 16Cambridgeshire County Council has become the first local authority to approve the operating framework for the UK Municipal Bond Agency, meaning it could form part of the first bond issue.
15 Feb 16Credit rating agency Standard and Poor’s has said it expects the first issue from the Local Government Association-backed municipal bond agency to take place this year.
20 May 15A £200m inflation-linked bond issued by the Greater London Authority last week could provide a template for other local authorities looking to borrow from investors, according to a senior figure in...
19 Feb 15Councils are embracing a fundraising scheme that could save them nearly £1.5bn over 30 years even if they only refinance half their debt. Richard Johnstone on the first ever municipal bond issue
21 Jan 15Former Local Government Association chair Sir Merrick Cockell will lead the new municipal bonds agency that is being formed to lend money to councils.
9 Sep 14The Local Government Association has announced the creation of a new company to issue municipal bonds, as the long-running plan for councils to borrow from the capital market nears fruition.
4 Jul 14Government changes to the interest rate local authorities pay to borrow from the Public Works Loan Board have become a barrier to councils making decisions to invest in economic infrastructure, the...
28 Sep 21
7 Jul 21 to 8 Jul 21
