trending Market Intelligence /marketintelligence/en/news-insights/trending/7ac1agejkm_y43dgcl2ksa2 content esgSubNav
In This List

London & Quadrant Housing closes £500M debt offering


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

London & Quadrant Housing closes £500M debt offering

Housing association London & Quadrant Housing Trust Ltd. completed a £500 million dual-tranche debt offering, comprising £250 million of 10-year and £250 million of 35-year bonds.

The 10-year bonds priced at Gilts plus 118 basis points and the 35-year bonds priced at Gilts plus 135 basis points, reflecting coupon payable rates of 2.625% and 3.125%, respectively.

L&Q will use the proceeds to refinance debt maturities.

Lloyds Bank, NatWest Markets and Santander were the joint book runners.