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Aster Treasury plc sells £50 million retained bonds

Allia C&C is pleased to announce that it has successfully arranged the sale of Aster Treasury plc’s (Aster) £50 million nominal of retained bonds.

The bonds are rated A+ by Standard and Poor’s and guaranteed by Aster Group Limited.

Aster Group Limited is one of the largest Regulatory Housing Associations (RSL) in the UK with over 32,000 homes spread across the Southwest of England.

The transaction was carried out in response to the strong demand for Aster’s bonds and was executed at a very tight spread, despite the current challenging market conditions.

The bonds were sold to one investor on 15th July 2022 and settled on 22nd July 2022.

This represents the third sale of retained bonds Allia C&C has carried out for Aster – raising a total of £90 million.