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Perspective
05 October 2018

M25 refinancing: A choice decision?

In:
Infrastructure, Transport
Region:
Europe
Managing Editor
The M25 motorway refinancing earlier this year was the UK’s largest since the Intercity Express deal in 2015. However, was the public bond market the right route given the deal priced higher than hoped for earlier in the year when a sub-100bp level looked more likely?

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