Johnson’s development bank would suck in strong bond demand

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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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