UPP signs £105m AA loan for University of London

UPP
By Max Bower
04 Jan 2017

The UK’s University Partnerships Programme (UPP) has signed a £105m financing arrangement to back University of London’s construction of new student accommodation in Stratford, East London.

The financing comprises a £86.8m 46 year index-linked senior loan, provided by Pension Insurance Corporation (PIC), and £17.9m of subordinated debt and equity provided by UPP Group and its shareholders.

Assured Guaranty provided an AA-rated wrap on the senior loan.

Proceeds back the development of Duncan House, a ...

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