Raising c.£300 million of long-term capital markets funding through a number of transactions throughout the year.
Benefits to the client
Through a combination of opportunity-led approaches and nimbleness, Southern Housing managed to raise long-term fixed rate funding at competitive rates. Responding to macro events, pent-up investor demand from other primary transactions, and ad hoc reverse enquiries, Southern Housing were able to fund during times of more favourable underlying interest rates, as well as minimising new issue premia paid on the credit spreads.
Newbridge role
Newbridge supported Southern Housing throughout the entirety of this funding process. This included liaising directly with relationship banks on Southern Housing’s behalf, considering optimal approach to market for highest execution certainty, helping to minimise risk whilst always being ready to capitalise on attractive opportunities very quickly as they arose.
