LiveWest

About LiveWest

LiveWest, rated A2 by Moody’s, is a registered social landlord who own and manage over 40,000 homes across the South West, ranging from Cornwall to Gloucestershire. They have ambitious plans to provide 5,000 new affordable homes in the region over the next five years, supported by a broader £1 billion investment programme. LiveWest is making significant progress in tackling the region’s housing shortage. This is particularly important in an area where demand is high and property prices make it especially difficult for many families to secure suitable housing.

The impact

In February 2025, Allia arranged a £75 million issuance of 5% coupon, six-year secured green bonds, which allowed the social landlord to benefit from the shape of the yield curve. The transaction provided competitive funding relative to pricing in other markets and highlights the attractiveness of utilising an EMTN programme for HAs. Through this transaction, LiveWest has strengthened its funding base while accelerating progress towards its environmental targets, improving the energy efficiency of its homes.

Ben Hall, Joint Head of Advice & Funding said “We had been looking at the shorter end of the market for a few months and were thrilled to be able to access the market with a 5% coupon for such a high quality credit in the sector such as LiveWest.”