The UK Municipal Bonds Agency Plc is a public limited company, owned by local councils and the Local Government Association. The UK Municipal Bonds Agency Plc helps local councils’ to finance their investment in projects, including infrastructure and housing, efficiently and cost effectively. The UK Municipal Bonds Agency Plc is a first for the sector. It issues bonds to finance local authority projects at a lower cost than the Debt Management Office. This lowers council’s finance cost, which means more can be invested into local economies, infrastructure and housing projects. The UK Municipal Bonds Agency Plc helps councils borrow from one another, there by reducing borrowing costs. It helps councils negotiate better rates from banks, pension funds and insurance companies. The agency also acts as a centre of expertise, offering tailored lending services.