Newlon Housing returns to US PP market

Newlon Housing Trust, a north and east London housing association rated A3 by Moody's, has returned to the US private placement market, raising £135m.

  • By Silas Brown
  • 09 Oct 2018

Barclays arranged the transaction, which had maturities ranging from 15 to 35 years, with yields from 3.14% to 3.38%.

The deal was increased from £80m and was six times oversubscribed, attracting offers from Canadian, UK and US investors. Three investors were selected, from Canada and the US.

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5 HSBC 10,905.26 70 4.61%