Clifford Chance

CPI-linked Bonds – a growing opportunity?

15 September 2015

Some 5 years after the Coalition Government first announced its decision to move from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI) to determine the statutory indexation of pension benefits, the Sterling bond market has finally seen an initial cluster of CPI-linked bonds being issued between May and August of this year. This briefing considers the factors behind this development and the opportunities for the further development of CPI-linked funding.

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