Reported about 2 months ago
Lancashire County is preparing for its first local authority bond issuance in four years, aiming to refinance a £350 million floating-rate note due in 2025. This move could revitalize the UK's languishing municipal bond market. Despite financial pressures, Lancashire is not in distress and seeks to offer better rates than the government facility. The county plans to reassure investors through an upcoming roadshow, confident it can secure favorable terms while highlighting ongoing financial stability in the sector.
Source: YAHOO