Highgate School closes US private placement

school 230-150x
By Silas Brown
20 Aug 2019

Highgate School in north London has closed a £60m US private placement, joining a clutch of private schools using the instrument for long term financing.

NatWest Markets arranged the transaction for Highgate, carving the £60m deal into a £10m 2.9%  25 year note, a £30m 2.94% 30 year tranche and a £20m 3.01% 35 year note.

Highgate follows other UK schools and universities raising debt via the US PP market. The University of ...

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