£20m Bond Tap for MORhomes
Allia C&C were delighted to act as sole bookrunner on the £20m bond tap of the MORhomes 2038 benchmark bond. MORhomes, a housing association aggregator, has now raised £542m across their two bonds.
The new bonds were issued at a yield of 4.01%, raising £20m for Selwood Housing. Allia C&C were pleased to be able to support MORhomes on the transaction. MORhomes continue to be popular with investors and we are delighted to have helped MORhomes secure this financing during a time of economic uncertainty.
Selwood Housing, who own and manage almost 7,000 homes for rent and shared ownership, become MORhomes’ 22nd borrower, benefitting from the quick execution of the transaction.