A2Dominion Group issues £160m funding

Two unsecured deals confirmed with 10-year and 11-year terms.

Money for building a house with construction plans

A2Dominion has issued £160m of unsecured funding off its EMTN programme to build the 7,600 homes in its development pipeline.

The group confirms two unsecured deals:

  • £85m with a term of 10 years at a rate of 2.605% arranged by HSBC as Sole Bookrunner, with funding from a European investor
  • £75m with a term of 11 years at a rate of 2.672% – Lloyds Bank Corporate Markets acted as Sole Bookrunner, with funding from a UK investor

The funding is pitched as strengthening the group’s financial position – increasing its total facilities to £2.2bn, with £1.6bn (net) drawn.

“We are delighted that we have secured this long-term funding of £160m, further demonstrating the strong financial strategy we have in place,” said Dean Tufts, A2Dominion’s executive director (finance & strategy).

“Our EMTN programme provides us with huge flexibility and allows us to respond quickly to market opportunities as they arise.”

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