PIC invests £195m in Glasgow city properties

Kim Kaveh
clock • 1 min read

Pensions Insurance Corporation (PIC) has invested £195m of debt finance in Glasgow City Council Group subsidiary, City Property Glasgow.

The insurer said proceeds will be used by the council to help fund its equal pay settlement, adding that its 29-year amortising debt profile is "a good match for PIC's future pension payments". ...

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Kim Kaveh
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Kim Kaveh

Professional Pensions journalist from 2017-2020

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