Greater London Authority raises £200m via UK's first CPI bond

Stephanie Baxter
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The UK's first sterling bond linked to the Consumer Price Index (CPI) has been issued to help finance the building of a tube link in London.

The Greater London Authority (GLA) raised £200m for its £1bn infrastructure project to link Battersea to the London Underground. Rothesay Life was the sole lender on the transaction. The GLA ...

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