Clarion raises £250 million to help fund its plans for new homes and communities

Clarion Housing Group has priced a £250 million bond paying a coupon of 2.625%.

Gareth Francis, Director of Treasury and Corporate Finance, said: “This is a great result that locks in an excellent cost of funds.  It has also demonstrated that we have excellent market access and speed to market – essential in turbulent times.”

Mark Hattersley, Chief Financial Officer, said: “this well-timed bond will help fund our plans to build homes and successful communities. It underscores the long term financial resilience that is at the core of the Group’s objectives - key to ensuring we maintain capacity to deliver on our long-term plans.”