Birmingham City Council completes £73m bond buyback

19 November 2024 by Aysha Gilmore

(Shutterstock)

Birmingham City Council has partially repurchased its £215m bond, replacing £73m with a package of Public Works Loan Board (PWLB) debt.

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The authority issued the bond in 2005 on the Eurobonds market, borrowing £215m at an interest rate of around 9.8%, with the debt set

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