EXCLUSIVE: Crunch time for municipal bonds

By Mark Conrad and Dan Peters | 23 August 2018

The struggling Municipal Bonds Agency has pleaded for councils to ‘pull behind us’ amid warnings it could run out of money before issuing a bond.

The UK Municipal Bonds Agency (UKMBA) was given one of the highest possible credit ratings by global firm Moody’s back in March but - four years after it was launched - has struggled to get enough councils to be able to issue a bond.

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