The UK Municipal Bond Agency has confirmed that it hopes to launch at least one bond on behalf of a pool of local authorities in September or October, more than a year after the first authorities...
The UK Municipal Bonds Agency has withdrawn a planned bond issuance with Warrington Borough Council after chancellor Rishi Sunak changed the terms of borrowing from the Public Works Loan Board.
The coronavirus pandemic has led to local authorities exploring different paths for borrowing, says Merrick Cockell, chair of the UK Municipal Bonds Agency.
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.
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.
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.
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.
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...
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.
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.
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.
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...
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...
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
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...
Local authority prudential borrowing rules will need to be reviewed if additional fiscal powers are devolved to town halls, a leading economist has said.
