Redbridge leads UK local authority wave after PWLB price hike

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By Lewis McLellan
13 Nov 2019

Redbridge Council raised £75m through a deferred bond this week. A banker close to the deal said other local authorities would be following close behind.

“We have several local authorities looking at issuing bonds,” said a banker from TradeRisks, which ran Redbridge’s deal.

Rebridge’s bond is a zero coupon deal, to be repaid in 48 annual installments from 2022 to 2069. The payments rise annually in line with the UK retail price index, ...

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