Commenting on today’s announcement by A2Dominion Housing Group Limited that it is launching an unsecured retail bond, Clive Gibbard, debt advisory partner at KPMG who advised A2Dominion on the bond, said:
“The launch of A2Dominion’s unsecured retail bond is a really good news story for the sector.
“The retail bond market provides a range of borrowers with the opportunity to diversify debt funding and offers a credible structuring option to the typical bank or institutional bond markets. In particular, it allows borrowers to consider a wide range of alternatives on debt maturities, amount, asset security and pricing to best meet their specific strategic objectives and fit into their existing funding position.
“We certainly expect companies across a whole host of sectors to continue to access this market and drive its continuing development. We hope this issue proves to be a groundbreaking template which other Housing Associations can follow.
“There’s no doubt the sector is currently looking carefully at funding issues and has a range of debt market options to consider. We anticipate that most HA Boards will be evaluating these alternatives and that retail bonds will prove to be an attractive tool in many diversified funding programmes.”
Notes to editors
Clive Gibbard is available today to discuss retail bonds in more detail.
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