Hyde Housing prints flat to curve as more housing cos line up

By Mike Turner
06 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 retain up to £100m ($131.6m) of the bonds.

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

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