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3 Nov 20
Following the pricing of a £250m bond by the London Borough of Sutton, PF speaks to David Whelan, managing director of public sector treasury at Link Group, which advised on the deal.
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3 Nov 20
A bond totalling £250m, set to be issued by a London council has been priced at 1.7% – below the rate available 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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20 Aug 20
The UK Municipal Bonds Agency has agreed a second bond with Lancashire County Council, just six months after approving its first bond in February.
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1 May 20
West Berkshire Council has approved the UK’s first community municipal investment, following a vote last night.
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9 Apr 20
A London council has raised £80m for its capital investment programme through a private placement, beating the Public Works Loan Board rate despite the turbulent market disrupted by the coronavirus.
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16 Aug 19
US bond yields have fallen below 2% for the first time in history, producing an “inverted yield curve”, which can often signal a recession.
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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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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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2 Oct 15
Local authorities braced for more spending cuts are thinking creatively about their funding needs
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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.
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29 May 14
Councils will have to pass a credit test and cross-guarantee loans made to other authorities if they want to access the Local Government Association’s planned municipal bonds agency, the lead...
3 Nov 20Following the pricing of a £250m bond by the London Borough of Sutton, PF speaks to David Whelan, managing director of public sector treasury at Link Group, which advised on the deal.
3 Nov 20A bond totalling £250m, set to be issued by a London council has been priced at 1.7% – below the rate available 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.
9 Apr 20A London council has raised £80m for its capital investment programme through a private placement, beating the Public Works Loan Board rate despite the turbulent market disrupted by the coronavirus.
16 Aug 19US bond yields have fallen below 2% for the first time in history, producing an “inverted yield curve”, which can often signal a recession.
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...
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.
25 Jan 16The 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...
2 Oct 15Local authorities braced for more spending cuts are thinking creatively about their funding needs
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...
29 May 14Councils will have to pass a credit test and cross-guarantee loans made to other authorities if they want to access the Local Government Association’s planned municipal bonds agency, the lead...
28 Sep 21
19 Oct 20 to 22 Oct 20
