Housing association Longhurst Group has issued a £250m bond to support its plans to deliver 700 affordable homes a year over the next six years.
The bond, of which £100m is in retained funds, was issued through the Libra 2 Treasury and priced at a spread of 148 bps over the benchmark gilt. The bond is repayable after 25 years and was more than two times oversubscribed.
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