Bromford HA cuts funding cost with warmly received £300m public debut

By Silas Brown
27 Apr 2018

Bromford Housing Association issued its first public bond on Thursday, six years after starting its capital markets voyage with a private placement.

Bookrunners HSBC, JP Morgan and Lloyds circulated an initial price range of 140bp-150bp over Gilts for an expected £250m of 30 year secured bonds, rated A1/A+ by Moody’s and Standard & Poor's. 

Bromford Housing Association, based in Birmingham, has not issued public debt before but it ...

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