Johnson’s development bank would suck in strong bond demand
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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