Last checked at 11 Jul 2019 13:22
Announcement of Forward Purchase Agreements
Notting Hill Genesis
£100,000,000 3.75 per cent. Secured Bonds due 2032 (to be consolidated and form a single series with the £250,000,000 3.75 per cent. Secured Bonds due 2032)
Notting Hill Genesis has today executed Forward Purchase Agreements in connection with the issue of an additional £100 million in principal amount of its 3.75 per cent. Secured Bonds due 2032 (the "New Bonds"). The issue of New Bonds has been priced at 112.428 per cent., which represents a semi-annual gross redemption yield of 2.612 per cent., before fees and expenses. It is expected that the proceeds, including an amount representing accrued interest, will be received on 10 January 2020.
For further information, please contact:
Andrew Sugden
Corporate Finance Director
Notting Hill Genesis
Bruce Kenrick House
2 Killick Street
London N1 9FL
Telephone: 020 3815 0356
Email: andrew.sugden@nhhg.org.uk
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NOTES TO EDITORS
About Notting Hill Genesis (NHG)
Notting Hill Genesis is one of the largest housing associations in the country, with around 64,000 homes across London and the south-east, serving more than 170,000 residents.
It was formed in April 2018 when Notting Hill Housing amalgamated with Genesis Housing Association. It is a social enterprise committed to creating thriving communities and providing homes for lower-income households.
NHG owns and manages homes across a range of tenures including social, affordable and private rent, leasehold, care and support, temporary housing and Shared Ownership, of which we are the largest provider in the country.
For more information, visit www.nhggroup.org.uk.