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13Jan94 UK: COUNCILS' BOND BID - LEICESTER AND SALFORD COUNCILS TO RAISE MONEY ON THE BOND MARKET.

Two councils are seeking an extra £180 million for housing and infrastructure by raising money on the bond market. Leicester and Salford are the first councils to do this for 10 years.Bonds give councils a lower rate of interest, and they can reinvest the savings made in extra work. CONSTRUCTION NEWS

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