# Insolvency Act 1986, Paragraph 5: Debt


The debt of at least £50 million referred to in section 72B(1)(a) or 72E(2)(a)—
(a) may be incurred at any time during the life of the capital market arrangement or financed project, and
(b) may be expressed wholly or partly in foreign currency (in which case the sterling equivalent shall be calculated as at the time when the arrangement is entered into or the project begins).

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/2A/paragraph/5 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-2A/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.