An attempt to calm the market reaction to the government’s tax cut announcements illustrates the “bind” facing the Bank of England, an analyst has said, as the central bank commits to buying UK...
The Municipal Bonds Agency – aimed at providing cheap borrowing to local authorities – faces doubts over its future after racking up pre-tax losses of £650,000 last year.
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...
Former prime minister David Cameron lobbied the government to adopt a scheme to convert NHS pay into bonds on behalf of now-insolvent firm Greensill Capital, according to a report.
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.
The coronavirus pandemic has led to local authorities exploring different paths for borrowing, says Merrick Cockell, chair of the UK Municipal Bonds Agency.
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.
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...
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.
