A2Dominion has announced today that it is launching its second unsecured retail-eligible bond. A KPMG team comprising Tim Metzgen, Marc Finer and Siobhan Murray is advising A2Dominion on the issue.
“Today's launch follows A2Dominion’s successful £150 million debut retail-eligible bond issue last October.
“The landmark unsecured 12 year bond – the longest-dated retail-eligible bond launched to date – will provide A2Dominion with medium term flexible funding to support its strategy. Rated AA- by Fitch, A2Dominion remains the highest-rated issuer and Registered Provider to approach the retail bond market so far, so we expect strong appetite for the bond from both retail and institutional investors."
Marc Finer, manager, KPMG’s Capital Advisory practice, added:
“The social housing sector has a broad range of financing options at its disposal, and unsecured medium-term structures can provide greater strategic and operational flexibility for housing associations when compared with the traditional bank and institutional debt capital markets. We expect housing associations to continue to access the retail bond market over time to support growth and funding diversification.”
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