Allia C&C has arranged a tap of the MORhomes 3.4% bonds, raising £28 million for Calico Homes from a new investor. The new bonds were issued at a yield of 2.768%, a spread of 154bps (1.54%) over the benchmark gilt rate, which was significantly below the current bid price. This is the lowest spread that has been achieved since the launch of the bond in February 2019.

West of Scotland Housing Association (WSHA) has received a loan of £13 million, arranged by Allia C&C under its charitable bond programme with Scottish Government. The loan will support the development of around 150 homes for social and mid-market rent across Ayrshire and Glasgow, including 36 ultra-low energy homes at Springfield Cross in Glasgow.

Allia C&C is pleased to announce the sale of the remaining £4 million of retained bonds from the issue of the Golden Lane Housing 3.9% Bonds due 2027. The bonds were sold to a broad group of professional and institutional investors at a price of 105.5, which equates to a yield of 3% – the lowest rate achieved on the sale of RCB bonds since the launch of the platform in 2014.