Following increased investor demand for Clarion Housing Group debt the Group yesterday priced a £100m tap of its existing 2048 bond. The transaction priced at an all-in effective rate of 2.708%.
Gareth Francis, Director of Treasury and Corporate Finance, said: “This issue underscores the value of our debt issuing platform which enabled the Group to take advantage of a supportive market backdrop and a low rate environment.”
Mark Hattersley, Chief Financial Officer, said “We are delighted to have obtained this at such competitive long term rates. This funding will further support the Group in its mission to provide much-needed affordable housing.”