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Anatomy of a deal: how Westminster City Council capitalised on the opportunity to borrow prudently

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A £400m forward borrowing deal undertaken by Westminster City Council in 2019 has now concluded at massive discounts to the current interest rates –

Paul Guilliotti, director of Financial Services, Richmond and Wandsworth Councils argues that current high funding levels should be approached with caution as marginal changes to discount rates can potentially have a significant impact.

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