This consists of:
* a Â£10m fully-drawn loan secured on a senior basis against the cash flows arising under the UK Government's Feed-In Tariff scheme from a portfolio of 2,150 domestic solar panel installations
* a Â£20.835m commitment (of which Â£2m is currently drawn) to advance a loan secured on a senior basis against the cash flows arising under the FIT scheme from a portfolio of 4,500 domestic solar panel installations
* a Â£2.35m fully-drawn loan secured on a subordinated basis against an operational blue light (emergency services) PFI asset in England.
The weighted average yield on the notes is around 9.30% per annum on an annualised basis, with a weighted average expected life of about 19 years.
In addition, over 90% of the notes will benefit from an element of inflation protection.
At 9:43am: [LON:GCP] share price was +0.5p at 107.75p
Story provided by StockMarketWire.com