Housing 21 joins UK housing association issuance fray

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By Mike Turner
05 Aug 2020

Housing 21, a UK housing association, is looking to tap its November 2049 notes for an expected £100m, as bond market participants say that the Covid-19 economic crisis has made housing associations an attractive option for high grade sterling investment.

Housing 21, rated A by S&P, has hired NatWest Markets to arrange a series of fixed income investor calls from Wednesday. 

The deal comes after Hyde Housing Association, rated A/A+, saw £900m of demand for its £350m, with £50m retained, August 2055 notes on Tuesday. The deal printed flat ...

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