Clarion Housing Group raises £300m 30-year sustainable bond

Clarion Housing Group has raised £300 million 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 £1 billion 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.”