UK's Lancashire lining up for MBA debut
The first bond from the UK’s five year old Municipal Bonds Agency will be launched in the next week or two and, thanks to some tweaking of the agency's operating practices, more are set to follow, writes Lewis McLellan.
Lancashire County Council will bring a five year sterling Sonia floater to market perhaps as soon as next week. The deal will raise £250m-£300m.GlobalCapital understands that HSBC will be lead arranger, joined by Bank of America, Barclays and NatWest Markets as joint lead managers. However, the banks ...
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