Referendum risk remains for Scottish credits as Wheatley HA prices 30yr

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Referendum risk remains for Scottish credits as Wheatley HA prices 30yr

Nicola Sturgeon (230x150) at SNP conf 2014
Newly appointed SNP leader Nicola Sturgeon during her speech at the annual party conference at Perth Concert Hall, Scotland. | Andrew Milligan/PA Wire/Press Association Images

When Wheatley Group, a Scottish association of social housing providers, sold £250m of 30 year bonds on Thursday, the big question for investors was how to price in the possibility of a ‘Yes’ vote in a possible second Scottish independence referendum.

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