Housing Group raises £250 million from bond issue

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

The Together Housing Group has raised £250 million through the issue of a 30-year own-name public issue bond. Potential investors showed lots of enthusiasm, with the order book standing at over £1 billion within an hour of the issue opening. Based on a first day issue of £200 million, this meant the bond was five times oversubscribed. Together Housing - which manages 35,000 homes - issued the bond with an interest repayment rate of 4.5%. The Group issued the bond on the back of...

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