Sovereign Housing Group has completed a £175 million bond issue. The issue was priced at 155 basis points over gilts, at an all-price of 5.705 per cent – the lowest since 2004, according to TradeRisks managing director Phil Jenkins. TradeRisks acted as sole Bond Arranger for the issue.
TradeRisks, the investment banking boutique, today announces the successful launch of a £175m debut 30 year bond issue for Sovereign Housing Group, one of the UK's leading affordable housing providers.
Jenkins leaves Royal Bank of Canada and steps into leading role at TradeRisks. Phil Jenkins has been appointed as managing director od financial consultancy firm TradeRisks after leaving Royal Bank of Canada.
Whitehall rent cap cut widens tenants' divide and poses business plan problem for transfers. Young stock transfer associations are facing budget shortfalls which could delay improvement works after Whitefall halved its cap on councils' 2009/10 rent increases.
