[Appendices]
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Appendix 5 Evaluation of funding of London & Continental Railways by RBC Dominion Securities
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The Bond market
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Pricing of the Government-guaranteed bonds
Pricing of the Government-guaranteed bonds
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Cost differential between AAA-rated debt
Why were the GGBs issued at a margin to Gilts and was this margin minimised?
Was book building the cheapest and most appropriate method of distribution?
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