Midland Heart sells £75m retained bonds – 1.831% 2050

February 14, 2022 Published by

Newbridge acted as financial advisor for the sale of £75m retained bonds. The bonds were originally issued in August 2020.

Joe Reeves, Executive Director of Finance and Growth, said: “We’re delighted to have sold a further £75m of our £250m retained bonds in the capital markets. This money will be put to good use as we develop 4,000 high quality, affordable homes by 2025, modernise our retirement living offer and invest in the comfort and safety of our existing homes.”

Barclays acted as sole bookrunner, Newbridge as financial advisers and Trowers and Hamlin as legal advisers.