Sovereign and Hyde bring home sterling revolvers

Houses
By Mike Turner
08 Jul 2019

Two UK housing associations have hit the loan market, with Sovereign signing its first unsecured revolving credit facility and Hyde bringing two facilities totalling £350m.

Sovereign signed a £250m deal from five lenders. The A2/A+/NR company is due to repay the facility in three years. NatWest coordinated the deal and was joined by Lloyds, MUFG, National Australia Bank and SMBC.

Elsewhere, NatWest Markets arranged a £200m 10 year loan for Hyde, while Lloyds arranged ...

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