Posted 03.08.20
Platform Housing: Further reading
Platform Housing, the largest housing association in the Midlands, has successfully placed its debut debt capital markets transaction - a £350 million bond issue with a 2055 maturity and a fixed coupon of 1.625%.
The bond received outstanding support from a broad range of institutional investors with demand well in excess of £1 billion from 60 investors, providing a very strong endorsement for Platform Housing's strategy - a key part of which is to expand the availability of new affordable homes across the Midlands.
The 35 year maturity is among the longest dated publicly listed debt ever raised by a UK housing association. The 1.625% coupon is the lowest ever achieved in the long-dated sterling bond market for this credit rating category (across all sectors).
Raising these funds will enable Platform Housing to continue with these plans with even greater confidence.
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