Aster gets same spread as Peabody on £200m debut
Aster Group, the UK housing association, made its bond market debut today with a well sold £200m bond that priced in line with other recent housing association issues.
Bookrunners Royal Bank of Scotland and Santander had held a roadshow for the issuer from Wednesday to Friday last week, then launched the 30 year bond this morning.Aster is rated AA- (stable) by Standard & Poor’s, the same level as Fitch rates Great Places Housing Group. Great ...
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