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Moody's assigns Optivo bond A2
Moody's Investors Service said it assigned an A2 debt rating to the £250 million senior secured bond issuance of Optivo Finance plc.
The A2 debt rating assigned to the bond is derived from the A2 issuer rating of Optivo, the agency said.
The bond is a 15 ½ year bond with bullet maturity and is secured a portfolio of social housing properties owned by Optivo.
The bond includes a retained portion of £100 million, which can be sold within three years of the initial issuance.
The outlook is negative.
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