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Corporate Bonds

Bank of England CP funds start flowing to paralysed UK companies

UK housing construction from Adobe 9Apr20 575x375

Official financial lifelines to keep UK companies alive through the coronavirus pandemic are already having a tangible effect. Shares in Redrow, the UK housebuilder, rose 7.5% on Thursday morning after it announced it had been approved to borrow up to £300m from the Bank of England’s commercial paper facility for investment grade companies.

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