Peabody has issued a £200m capital market bond, raising £150m in a transaction that represents the most tightly priced deal over Gilts ever issued by an individual housing association.
Peabody will retain £50m of the bond for future issuance.
Barclays Capital and Santander GMB were joint book-runners for the transaction, which was launched on Friday 11 March following investor roadshows held in Edinburgh and the City of London earlier in the week. TradeRisks acted as Arranger.
In February, credit rating agency Moody’s assigned Peabody an Aa2 rating. Last month also saw the completion of Peabody's purchase of four London estates with over 1,200 rented homes from The Crown Estate.
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