Case Studies
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GRIP Unit Trust Hedging Strategy & Execution

GRIP Unit Trust (“GRIP”), the market-let UK residential property fund owned by APG and Grainger closed a term loan, revolving credit facility financing and the ancillary interest rate hedging.

Centrus was appointed to provide advice to GRIP covering the commercial review of the facility agreement, analysis of hedging strategies, derivative documentation negotiations, derivative pricing analysis and negotiations with hedge counterparties. We have also helped with recommendation in relation to hedging execution strategy as well as the management of the hedging implementation process.