Affinity Sutton has announced its return to the bond market with the launch of a £250m 30-year, fixed-rate secured bond with a coupon of 4.25%.
The deal, which is rated Aa2 by Moody’s Investor Service, marks the return of the 56,000 home social landlord to the bond market after four years and is the lowest priced coupon ever in the sector.
The proceeds will be used towards the delivery of 3,000 homes under its 2011-2015 Homes and Communities Agency Affordable Homes programme. It al...
