Great Places raises further £18m

NORTH West social housing group Great Places Housing has raised a further £18m on the bond market.

The 17,000-home not-for-profit organisation based on Princess Parkway, south Manchester, retained £50m worth of bonds following a £200m debut issue in October 2012.

It issued £32m last December and has now sold the final chunk at a spread of 1.02% over the gilt, the price of government borrowing. Great Places will use the money to support its development programme.

It said the the deal, which had a... For the full story register now for free or login below...