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Assured Guaranty unit backs 342M bond issuance

Feb 24, 2020 - SNL European Financials Daily

The bonds will refinance 23 solar plants spread across a number of autonomous communities in Spain.

Assured Guaranty (Europe) Plc has guaranteed principal and interest payments on about 342 million of bonds issued by Pride Investments SA.

Pride Investments is owned by Q Energy, the renewables-oriented fund managed by Qualitas Equity Partners.

The 21-year fixed-rate bonds were issued in a private placement with U.K. investors. The bonds will refinance 23 solar plants spread acr...