#Latest news with #bondIssuanceBloomberg19-02-2025BusinessBloombergUK Local Council Scraps Bond Plan as Too CostlyThe UK county of Lancashire has scrapped plans to sell another bond in a blow to the country's moribund market for municipal debt. Officials at the local authority in north-west England explored bond issuance to refinance £350 million ($442 million) of debt maturing next month, even securing updated credit ratings in what is typically a precursor to a sale. However, a review found that approach 'does not currently present the best option and therefore a new bond issue will not be pursued,' according to the Lancashire County Council's budget for the 2025/26 financial year.
Bloomberg19-02-2025BusinessBloombergUK Local Council Scraps Bond Plan as Too CostlyThe UK county of Lancashire has scrapped plans to sell another bond in a blow to the country's moribund market for municipal debt. Officials at the local authority in north-west England explored bond issuance to refinance £350 million ($442 million) of debt maturing next month, even securing updated credit ratings in what is typically a precursor to a sale. However, a review found that approach 'does not currently present the best option and therefore a new bond issue will not be pursued,' according to the Lancashire County Council's budget for the 2025/26 financial year.
19-02-2025
