Pension Insurance Corp puts £40m into Scottish housing association

By Morgan Davis
16 Jul 2019

The UK's Pension Insurance Corp has bought a £40m bond privately issued by Eildon Housing Association, a Scottish social housing provider.

The PIC, which insures defined benefit pension funds, has invested more than £1.5bn in the UK’s social housing sector, but this is the first private placement it has done with a Scottish housing association.

The proceeds from the fundraising, arranged by Santander, will be used for Eildon’s ...

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