Housing associations find UK pension buyers for PPs

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.

  • By Kathleen Gallagher
  • 28 Jan 2014

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 99,566.90 454 5.86%
2 Bank of America Merrill Lynch 99,003.09 435 5.83%
3 Citi 84,614.01 445 4.98%
4 Barclays 72,949.56 288 4.29%
5 Goldman Sachs 67,513.91 265 3.97%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 21,922.23 100 8.75%
2 Deutsche Bank 18,365.60 68 7.33%
3 SG Corporate & Investment Banking 17,313.06 81 6.91%
4 UniCredit 14,560.49 67 5.81%
5 HSBC 12,711.09 71 5.07%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 4,293.59 52 7.15%
2 Deutsche Bank 3,871.16 39 6.45%
3 Goldman Sachs 3,757.37 32 6.26%
4 JPMorgan 3,631.57 40 6.05%
5 Credit Suisse 3,406.43 36 5.67%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,476.08 137 9.95%
2 Credit Suisse 12,936.58 90 7.36%
3 Goldman Sachs 12,429.32 91 7.07%
4 Citi 12,061.47 102 6.87%
5 Bank of America Merrill Lynch 12,022.06 109 6.84%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 24,095.98 100 6.17%
2 BNP Paribas 22,633.04 97 5.79%
3 Barclays 22,506.00 76 5.76%
4 Citi 21,179.37 84 5.42%
5 Deutsche Bank 21,068.78 84 5.39%