The Church of England Pensions Board (”CEPB”) today announced that it has issued £100 million CPI-linked bonds repayable in tranches between 2038 and 2048.
A 1% nominal cut in rents each year for four years will be materially below principal projections in association business plans. The change effect will be cumulative and will set a lower starting rent for modelling beyond 2019.
Notting Hill Home Ownership (NHHO), rated AA (stable) by Standard & Poor’s, has today received a loan of 5bn JPY (equal to £28m) from a Japanese investor.