Consumer price index linked bond to fund London Underground extension

Map of London Underground’s Northern Line extension to Battersea.

UK: ‘The UK’s first consumer price index linked sterling bond’ has been agreed to part-fund construction of a 3·3 km branch of London Underground’s Northern Line to Battersea, the Greater London Authority and Lloyds Bank Commercial Banking announced on May 11. Specialist pensions insurer Rothesay Life is the sole lender ...

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