Winckworth Sherwood advises RP on securing funding in private placement

Midlands-based housing association Trident Group secures £75m private placement with Pension Corporation as it prepares to fuel new-build growth. The deal, which completed on Monday (15 June), was achieved at a fixed rate “well below business plan assumptions”, the group said. The funds will be received by registered provider (RP) Trident Housing Association and are split into two equal tranches with terms of 31 and 33 years.

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