Housing associations planning to sell privately placed bonds will not be short of demand, as UK pension funds are eager to invest, a spokesman for the industry has told EuroWeek.
Southern Housing Group took advantage of this demand when it printed its debut bond last week. The association, rated A1 (stable) by Moody's, owns 25,500 homes in the south of England.
It issued a £125m 25 year note through Goldman Sachs on January 24. Priced at par, it carries