Places for People takes UK housing associations into euros

Places for People Homes for new website
By Kathleen Gallagher
10 Apr 2014

Places for People Homes has issued what bankers said was the first bond in euros from a UK housing association.

Other UK social housing providers could follow Places for People, as European investors are keen to diversify their holdings, according to medium term note dealers.

Lloyds Bank priced the €40m 3.11% 10 year bond at par on Monday. It has a €100,000 denomination.

Two European investors bought the deal. ...

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