Places for People takes retail road as UK housing bonds grow

20 Jan 2012

Investors’ expectation of more deals from housing associations is likely to be fulfilled in the coming six months, according to Chris Jones, treasurer of Places for People Homes, the housing association rated Aa3 that is in the market with a UK retail bond issue.

"A lot of housing associations have 25 year bank debt," he said, "but at the moment banks are only offering them debt up to about five years." That means for their longer term finance needs, associations will have to turn to the bond market. Many already issue, but ...

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