Newport City Homes refinances in PP market

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By Silas Brown
06 Aug 2019

Newport City Homes (NCH) has sold a £95m private placement to Legal & General, as housing associations soldify their position in the private debt market.

Natwest Markets arranged the transaction, and Centrus advised the borrower. There was also a £30m loan in the funding package, provided by Barclays and Natwest Markets.

“We are extremely pleased with the price, covenant structure and other terms in the package of refinancing deals, which will support ...

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