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Corporate BondsPrivate debt

UK councils may turn to PPs for coronavirus funding

London adobe stock AS 230x150

More UK councils are considering selling private placements, according to several sources familiar with the situation, as their funding needs escalate thanks to the coronavirus pandemic. Institutional investors, some of which are sceptical of local authorities’ suitability for the US PP market, say they are more likely to consider lending to borrowers rich in assets.

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