By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – Southern Housing Group Ltd. priced £300 million of 2.375% secured sustainability bonds due Oct. 8, 2036 at 98.481, according to a London Stock Exchange filing.
HSBC, MUFG and Natwest Markets are the joint bookrunners. Natwest is the ESG structuring adviser.
Proceeds will be used to provide housing for poor, aged, disabled, handicapped or chronically sick people and to finance or refinance eligible projects.
Based in the United Kingdom, Southern Housing rents and sells homes in London, Brighton and Hove, Reading, Kent, Portsmouth and the Isle of Wight.
| Issuer: | Southern Housing Group Ltd.
|
| Issue: | Secured sustainability bonds
|
| Amount: | £300 million
|
| Maturity: | Oct. 8, 2036
|
| Coupon: | 2.375%
|
| Price: | 98.481
|
| Bookrunners: | HSBC, MUFG and Natwest Markets
|
| Call: | Make-whole call
|
| Pricing date: | Oct. 6
|
| Settlement date: | Oct. 8
|
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