UK MBA eyeing green bond market after ultra-long return

By Lewis McLellan
13 Aug 2020

The UK Municipal Bonds Agency (MBA) has picked banks for its second trip to market, eyeing the ultra-long end and once again raising cash on behalf of Lancashire County Council. Although the bond will be in conventional format, the MBA is looking to issue green bonds in the future.

Bank of America, Barclays and HSBC have been selected to arrange calls with investors on Wednesday and Thursday, promoting a fixed rate Reg S benchmark of 40 years or more on behalf of Lancashire County Council.

“We have a lot of investors very interested,” said Christian Wall, a ...

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