PCHG's 32 year debut gets a record low coupon
Daisy Daisy/Daisy Daisy - Fotolia
Paragon Community Housing Group has issued its debut bond, pricing a £250m ($379.41m) 32 year on Wednesday. The bond carries a 3.625% coupon, which Paragon’s finance director said was the lowest ever on a UK housing association bond of that tenor.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
