UK firms face higher debt financing costs on Brexit

British companies with over £102bn (€116bn) of debt to refinance this year are facing rising funding costs as a no-deal Brexit looms, with yields on some bonds now akin to those in emerging markets.

Car maker Jaguar Land Rover highlighted the issues facing some UK corporates when it said recently it would not tap bond markets for the $1bn (€884m) it needs to repay maturing debt as it plans alternative funding.