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Bondholders reach lock-up agreement over Tchenguiz sheltered housing rents

By Benjamin Clarke

18 December 2019

Bondholders reach lock-up agreement over Tchenguiz sheltered housing rents iStock-Cecilie_Arcurs

Senior bondholders in a Cayman-registered issuer have agreed a US$482 million restructuring with Lloyds and UBS for a deal securitising ground rents from a Tchenguiz-owned portfolio of sheltered housing properties.