Johnson’s development bank would suck in strong bond demand

By Jasper Cox, Michael Turner, Ralph Sinclair
25 Jul 2019

New UK Conservative prime minister Boris Johnson expressed support for the establishment of a new development bank along the lines of Germany's KfW on Thursday. While there is scepticism over the execution of the proposal, debt capital markets bankers would welcome a new, highly-rated issuer.

James Lefroy, a Conservative member of parliament, asked Johnson if he would “support the establishment of a standalone UK investment and development bank such as those which the Netherlands, France and Germany have”.

“Not only will I endorse that suggestion but I will invite him to meet ...

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