Allia C&C were appointed as Kingdom Housing Associations treasury advisors and arrangers to support the raising of £40 million of new funding to support the deliver of its ongoing development programme.

After a full tender exercise of both the banking and capital markets Kingdom were successful in completing a £25 million private placement from an existing investor at an overall coupon of 2.36%, making it one of the lowest prices achieved for a private placement in Scotland.

In addition Kingdom have received £15m of long term bank facilities from RBS.