UK firms will need new equity to cope with COVID debt surge - TheCityUK

LONDON (Reuters) - About a third of the debt being taken on by British companies under the government's emergency coronavirus lending programmes could be unsustainable, raising the need for fresh capital from new investors, a finance industry body said on Sunday.TheCityUK said that by the end of March 2021, companies might be struggling to meet the financing costs of up to 36 billion pounds of debt under the COVID-19 credit schemes that carry government guarantees for banks lending to firms.That..