Redbridge leads UK local authority wave after PWLB price hike
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, ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org