Hyde Housing lands flat to curve on 35 year sterling trade

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By Mike Turner
04 Aug 2020

Hyde Housing, a UK housing association, paid zero concession on its August 2055 sterling benchmark trade, with the borrower opting to raise debt at the shorter end of the maturity range it marketed to investors on Monday.

Hyde Housing, rated A/A+, opened books on the deal at 145bp over the 4.25% 2055 Gilt on Tuesday morning, with the borrower saying it planned to to retain up to £100m of the bonds.

The issuer held calls with investors on Monday for a deal with a 35-40 year ...

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