FINANCE

EXCLUSIVE: Crunch time for municipal bonds

The struggling Municipal Bonds Agency has pleaded for councils to ‘pull behind us’ amid warnings it could run out of money before issuing a bond.

By Mark Conrad, Dan Peters | 23 August 2018

The struggling Municipal Bonds Agency has pleaded for councils to ‘pull behind us' amid warnings it could run out of money before issuing a bond.

The UK Municipal Bonds Agency (UKMBA) was given one of the highest possible credit ratings by global firm Moody's back in March but - four years after it was launched - has struggled to get enough councils to be able to issue a bond.

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Dan Peters

Popular articles by Dan Peters

  1. Deal reached after mayor launched legal case against own council
  2. Councils could get powers to suspend members
  3. CCN backs reorganisation
  4. Pennycook: Compulsory purchase to be made 'faster and more efficient'
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