Sanctuary Capital PLC Sanctuary Group issues a tap of GBP150m (updated) (7102S)
16 7월 2022 - 1:11AM
UK Regulatory
TIDM71WG
RNS Number : 7102S
Sanctuary Capital PLC
15 July 2022
News release (updated with Final Prospectus)
15 July 2022
Sanctuary Group issues a tap of GBP150m
Sanctuary Group has issued a GBP150m tap of its existing 2.375%
secured bonds due 2050.
Successfully navigating the current volatile market backdrop,
the tap issuance attracted a broad number of investors, with a
final orderbook that was over 5x subscribed.
The deal priced below the Group's existing cost of capital, at a
spread of G+163bps, improving on the original spread of G+170bps
when the initial bond was issued in April 2020. The blended yield
across the 30-year bond is 2.9%, representing good value for money
for the Group.
Sanctuary, which manages over 105,000 homes across England and
Scotland, is rated A2 (stable) and A (stable) by credit rating
agencies Moody's and Standard & Poor's respectively.
Ed Lunt, Sanctuary's Chief Financial Officer, said: "We are
pleased to have secured this tap issue, particularly in the
turbulent economic conditions, with the bond proceeds supporting
our corporate priorities of growth and investment in our homes for
the long-term benefit of our customers."
"The joint active book runners on the transaction were Lloyds
Bank Corporate Markets and RBC Capital markets, with Newbridge
Advisors LLP acting as advisors."
http://www.rns-pdf.londonstockexchange.com/rns/7102S_1-2022-7-15.pdf
- Ends -
Notes to editors:
Established in 1969, Sanctuary is responsible for the provision
of social housing, care and management services across England and
Scotland. It owns or operates over 105,000 units of accommodation
and employs over 12,500 people.
Sanctuary operates under a not for profit umbrella, with
surpluses reinvested into the provision of affordable housing, the
maintenance of existing properties, and the development of new
services for customers.
Sanctuary is an exempt charity under the Charities Act 1993 and
is regulated by the Regulator of Social Housing.
For more information, please contact Sanctuary's Communications
Team by emailing PR@sanctuary-housing.co.uk .
Follow @WeAreSanctuary on Twitter for the latest news.
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END
MSCGZGMNVKLGZZM
(END) Dow Jones Newswires
July 15, 2022 12:11 ET (16:11 GMT)
Sanctuary 6.697 (LSE:71WG)
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부터 5월(5) 2024 으로 6월(6) 2024
Sanctuary 6.697 (LSE:71WG)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
