Legal & General eyes European infrastructure finance bonds

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Legal & General (L&G) is considering investing in European infrastructure projects as a European scheme to reduce the risk of such investments is set to begin.

A pilot phase of the European project bond initiative, which aims to encourage the capital markets to finance large infrastructure projects in the fields of transport, energy and information technology, is expected to be launched in September.

Under the initiative, European Union (EU) funds would be used by the European Investment Bank (E

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