Longhurst issues £250m bond to deliver affordable homes

Sleaford Foyer_Longhurst

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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