Places for People shrugs off rating downgrade with £1bn book for bond

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Places for People shrugs off rating downgrade with £1bn book for bond

Yorkshire Housing 230x150

Places for People, the UK housing company, on Wednesday sold £400m ($519.35m) of bonds with orders more than 2.5 times the offering size, despite tapping the market just two weeks after Moody’s cut its rating to A3.

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