Clifford Chance (CC) and Allen & Overy (A&O) have taken lead roles as the Greater London Authority (GLA) becomes the first local authority to tap the bond markets since the mid-1990s, with a £600m issue to help fund London's Crossrail project. The bonds will be issued through a special purpose vehicle set up by Lloyds Bank Corporate Markets, which is specially targeted at local authorities.
July 04, 2011 at 10:12 AM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) and Allen & Overy (A&O) have taken lead roles as the Greater London Authority (GLA) becomes the first local authority to tap the bond markets since the mid-1990s, with a £600m issue to help fund London’s Crossrail project.
The bonds will be issued through a special purpose vehicle set up by Lloyds Bank Corporate Markets, which is specially targeted at local authorities.
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