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Assured Guaranty Wraps £195 million Bond Issue for Glasgow City Council

Oct 31, 2019 - Business Wire

Assured Guaranty (Europe) plc (AGE)* announced that it has guaranteed principal and interest payments on a £195 million private placement issued by City Property Glasgow (Operations SL1) Ltd, a newly formed SPV owned by Glasgow City Council to issue the bonds. This issuance has financed a long-term sale and leaseback transaction with Glasgow City Council on certain properties owned by the council throughout the city.

The 30-year fixed-rate fully amortising bond was issued on 30 October 20...