Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Archive for 23 ottobre 2018

Assured Guaranty Wraps Notes Issuance for Places for People

Posted by fidest press agency su martedì, 23 ottobre 2018

Assured Guaranty (Europe) plc (AGE) announced that it has guaranteed principal and interest payments on £75 million of notes issued by Places for People Treasury Plc. The unsecured note issuance is to refinance existing facilities and for general corporate purposes.The 20-year fixed-rate notes were issued on 17th October 2018 and took advantage of low long-term rates and were issued as a private placement to a group of South Korean investors, of which DB Life Insurance Co. Ltd was the largest single investor. As a result of the financial guarantee provided by AGE, the investors were able to benefit from AGE’s AA by S&P Global Ratings. Places for People is one of the largest placemaking and regeneration companies in the UK, with an underlying rating of A-/Baa1 from S&P and Moody’s respectively. The Group owns or manages over 198,000 homes, operates over 120 leisure facilities and provides services to more than 500,000 people. It is committed to creating places that work for everyone.

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