Competition for UK housing association lending rises
The UK’s Peabody Trust has signed a £75m sustainability-linked loan from BNP Paribas, as competition for UK housing association lending ramps up.
Peabody’s loan has a five year maturity and the interest rate is linked to the housing association hitting social impact based targets. The borrower will get a lower margin if it can achieve an agreed number of accredited childcare qualifications under the company’s childcare training programme.
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