London & Quadrant cruises to £250m housing bond
London & Quadrant Housing Trust, dubbed the "Rolls Royce of the UK housing association sector" by one investor, issued its second outstanding bond today and raised £250m with a slim new issue concession.
Rated Aa2 with a negative outlook because of the UKs sovereign outlook and AA- (stable), L&Q is viewed as having among the best assets of the UKs not-for-profit social housing institutions, which issue in the bond market.
That is partly because of its concentration in London, which has the
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