By Lisa Kerner
Charlotte, N.C., Dec. 16 - Origin Housing Ltd. announced it placed a £50 million bond with U.S. investors through Deutsche Bank and Canaccord Genuity.
Both U.S. and UK investors bid on the twice-oversubscribed offer.
The all-in cost of funds is 4.76%, according to a company news release.
Proceeds will be used to build affordable new homes under the Origin brand.
London-based Origin is an affordable housing provider.
| Issuer: | Origin Housing Ltd.
|
| Issue: | Bond
|
| Amount: | £50 million
|
| Coupon: | 4.76%
|
| Distribution: | Private placement
|
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