Heylo sets up new programme for retail inflation protection deal

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By Nigel Owen
16 Oct 2018

Heylo, a UK property company that specialises in shared ownership residential properties, launched the first bond off its new corporate bond programme last week. The bonds, which will be priced on or before October 22, offer investors inflation protection over the 10 years of the bond’s life.

Heylo set up a £750m ($981m) programme to issue the bonds from, but the issuer has a minimum £50m target for its first issue. Benchmark retail deals have typically been for £50m and chief financial officer Chris Hewitt felt that the opportunity to offer retail investors an index-linked ...

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