Network Homes looks for PPs as market expects suspended deals to return

UK housing construction from Adobe 9Apr20 575x375
By Silas Brown
13 May 2020

Network Homes is looking for US private placements, according to several market sources. The London housing association is the first of its type to return to the market after a string of prospective PPs were suspended during the initial peak of the pandemic crisis. Sources expect these postponed deals to return shortly.

According to two sources, MUFG is arranging the new deal, which was soft sounded in March but then postponed.

MUFG arranged Network Homes' last transaction at the start of 1019. It was a £175m deal, which had maturities ranging from 12 to 35 years, and yields ranging between ...

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