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Richmond Housing Partnership sells £35 million retained bonds

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Allia C&C, working with JCRA, are pleased to announce they have successfully arranged the sale of Richmond Housing Partnership’s (RHP) £35 million nominal of Retained Bonds.

The sale involves a Forward Purchase Agreement with settlement due in September 2020.

The original issue of £175 million 3.25% Bonds 2048, included the retained bonds and took place on 5TH February 2015.  The sale of the bonds has generated long-term funding for RHP and benefited from strong competition amongst interested bidders.

RHP was formed in 2000 and manages over 10,000 homes in West and South West London. Rated A+ by Standard & Poor’s, it has ambitious development plans to build 1,000 homes over the next five years for social rent, shared ownership and the intermediate market.

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