Great Places hails £200m bond success
12th October 2012
SOCIAL landlord Great Places Housing Group has raised £200m in its first foray into the bond market.The bond raised £200m of which £150m has been drawn down immediately and the remaining £50m over the next two years.The Manchester organisation will pay investors a return of 4.81% - the third most competitive arrangement for a housing association out of around 20 bonds issued recently.Great Places manages more than 16,000 homes and the money raised will be used to fund its development programme.Ch......for the full story register now for free or login below...
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