By Marisa Wong
Morgantown, W.Va., Oct. 22 – Places for People Treasury plc issued £75 million of notes on Oct. 17 through a private placement to South Korean investors, according to a press release.
The 20-year fixed-rate notes are guaranteed by Assured Guaranty (Europe) plc.
DB Life Insurance Co. Ltd. was the largest single investor, the release noted.
The note issuance is intended to refinance existing facilities and for general corporate purposes.
Places for People is a London-based housing service and regeneration company.
| Issuer: | Places for People Treasury plc
|
| Guarantor: | Assured Guaranty (Europe) plc
|
| Issue: | Notes
|
| Amount: | £75 million
|
| Maturity: | 20 years
|
| Coupon: | Fixed
|
| Investor: | DB Life Insurance Co. Ltd.
|
| Settlement date: | Oct. 17
|
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