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Corporate bonds

March 2013: UPP issues corporate bond

UK based student accommodation provider UPP has issued a couple of bonds under its EMTN programme.   Key features include: the different bond maturity dates, rental revenue as the security, the bonds are used to repay earlier debt financing and to develop sites.  This is the third in a spate of student accommodation deals: Unite, Paragon, and UPP

http://www.upp-ltd.com/index.php/templates/press-coverage/?/media/presscoverage/

Addleshaw Goddard were the lawyers:

http://www.addleshawgoddard.com/view.asp?content_id=6537&parent_id=5780

 

 

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UPP issues corporate bond