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.