Bonds agency in bid to grab 15% of loans market

摘要

The Municipal Bonds Agency (MBA) has revealed plans to capture up to 15% of the local authority lending market despite ongoing struggles to launch a bond. It aims to lend about £1bn annually to councils, capturing a share of the £5bn the UK local authority sector borrows every year -predominately from the Public Works Loan Board - on maturities ranging from one to 50 years.