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UPP closes first two bond tranches
05 March 2013
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[UPP]
[PGGM]
[Barclays Infrastructure Fund]
[Gingko Tree Investment]
UK student housing developer UPP has closed the first two tranches of a planned £5 billion ($7.6 billion) securitisation programme. Barclays, RBC and BBS, together with BTMU and UBS, led a £307 million tranche 1, which matures in 2040, and priced at 210bp over...
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