Great Places raises £200m bond

Advertise here

Published by Max Salsbury for 24dash.com in Housing and also in Development, Finance

Great Places Housing Group has raised £200m after issuing a bond.It is the first exclusively northern-based housing association to issue a bond. £150m can be drawn upon immediately and the remaining £50m in the next two years.Investors will see a return of 4.81%. Great Places manages more than 16,000 homes and the money raised will be used to fund its development programme.Chief executive Stephen Porter, deputy chief executive Matthew Harrison and finance director Phil Elvy met mor...

Read full article...