The issuing of the first bond by the UK Municipal Bonds Agency (UKMBA) is a 'grown-up moment for local authorities,’ former chairman of the Local Government Association, Sir Merrick Cockell, has said.
Within hours, the long-awaited debut bond raised £350m on behalf of Lancashire CC and was oversubscribed by 200%.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login