Read on Twitter
So my understanding is that NHS trust debt HASN’T been written off
It has been converted to Public Dividend Capital, which has a higher interest rate of 3.5%
I hear Trust finance directors not happy. Not quite what the headlines are saying is it?
It has been converted to Public Dividend Capital, which has a higher interest rate of 3.5%
I hear Trust finance directors not happy. Not quite what the headlines are saying is it?
I mean that’s just what I’m hearing, please correct me if I’m wrong if you are more knowledgable
HSJ describes it as:
‘PDC is treated as a kind of equity investment in indebted trusts, but with an annual charge attached’
Take from that what you will
‘PDC is treated as a kind of equity investment in indebted trusts, but with an annual charge attached’
Take from that what you will
ITs complicated; I’ve had a good explainer. Will update after my daily exercise 
UPDATE
See explainer thread here:
https://twitter.com/roshanamn/status/1246371564691562501?s=21 https://twitter.com/roshanamn/status/1246371564691562501
See explainer thread here:
https://twitter.com/roshanamn/status/1246371564691562501?s=21 https://twitter.com/roshanamn/status/1246371564691562501
