DCLG on LSVT capacity Stephen Edwards housing

Two HAs to build over 1,000 homes with government-guaranteed bond at record-low spread

19/01/2017 | By Luke Cross

Radian Housing Group and Bracknell Forest Homes have secured £114.5m via the UK government’s affordable homes guarantee scheme at a spread of 30 basis points over gilts.

clarion circle affinity sutton merger housing

Creating the UK's largest housing association: Clarion prepares to unlock capacity

12/01/2017 | By Luke Cross

Bringing together Affinity Sutton and Circle Housing meant getting 10 bank funders and £3.3bn of drawn debt ‘over the line’. Loan arrangements, covenants and documentation were ‘harmonised’, supported by the release and recharge of 31,000 properties used as security. Clarion is set to expand nationally, while growing its strategic partnerships and land acquisitions.

l&q refinancing london and qudrant swaps bonds loans housing

L&Q's 'pioneering' £2.6bn refinancing deal rewrites HA treasury book

12/01/2017 | By Luke Cross

L&Q’s ‘pioneering’ £2.6bn refinancing included a new covenant package ‘more in line with the corporate market’ and to support its ambitions to deliver 100,000 homes. The group married banking loans with shorter-term sales activity and longer-term debt capital markets finance with housing for rent. It also saw L&Q crystallise its mark-to-market (M2M) position on its swaps.

merger

Merger work pays off for Sovereign and its lenders

12/01/2017 | By Luke Cross

Eighteen months of merger discussions have laid the foundations for a more resilient Sovereign that remains committed to its core geography and purpose, according to its chief financial officer.

Chinese construcion firm Your Housing joint venture

Your Housing plans bond to support £2.5bn off-site construction venture

12/01/2017 | By Luke Cross

Your Housing Group (YHG) is looking at issuing a bond to support a £250m investment in a ground-breaking off-site construction joint venture (jv).

council pensions investment

Yorkshire council pension fund invests £20m in social housing REIT

11/01/2017 | By Luke Cross

A Yorkshire council pension fund has bought £20m of shares in the UK’s first social housing REIT.

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