Network Rail begins inflation-linked debt push

UK railway operator Network Rail issued a 30-year index-linked sterling bond at the end of April – the first step in a three-year, £6.6 billion plan to shift a third of its debt into linkers by 2009. Pricing and size are not yet available; the company said it would release these details at the end of next week.

Samantha Pitt, Network Rail’s head of corporate finance, says the next linker may be produced within months. “The first issue was based on consultation with investors, who wanted the 20-

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: