Clarion Housing Group raises £300m 30-year sustainable bond
This successful issue follows the issuance of £350m and £300m sustainable bonds in January 2020 and November 2020 respectively.
Clarion Housing Group has raised £300m in a 30-year sustainable bond issue. The 30-year bond was priced at a coupon of 1.875 per cent and was significantly oversubscribed, with over £1bn in orders.
This successful issue follows the issuance of £350 million and £300 million sustainable bonds in January 2020 and November 2020 respectively and underlines the demand to support an organisation delivering strong financial results and which is building a record number of new homes.
Gary Leadbeater, director of treasury and corporate finance, commented:
“This is a very successful bond issue with our order book demonstrating that our social purpose and delivery of our corporate strategy is appealing to investors looking for strong performance, a commitment to ESG principles and an ambitious plan for the future.”