Lancashire to issue UK MBA's maiden deal

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By Lewis McLellan
17 Jan 2020

Lancashire County Council looks set to become the first borrower to make use of the UK Municipal Bonds Agency, preparing a deal to hit the market in the next few weeks. A second bond from the MBA is set to follow in March or April.

GlobalCapital understands the bond will be a five year Sonia linked floater of £250m-£300m. 

Lancashire's bond will not be covered by the MBA group guarantee. 

The UK MBA will follow up Lancashire's deal with a £250m 10 year fixed rate to be used as a shared pool of capital, operating under ...

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