A SOCIAL landlord with 1,500 homes across Sheffield has raised £200 million by issuing a bond.
Great Places Housing Group, which runs properties in areas including Wybourn, will use the money to help pay for its award-winning development programme.
The bond raised £200m, of which £150m is drawn down immediately and the remaining £50m within the next two years.
Stephen Porter, chief executive, said: “This is fantastic news and demonstrates the financial strength of our business and our excellent reputation.
“It will allow us to continue to build much-needed homes and I am delighted by the response of investors.”
The deal was jointly arranged by RBC Capital Markets, The Royal Bank of Scotland and Santander GBM.