A typo in the Prospect News Green Finance Daily issue dated July 20, 2021 had the wrong currency for the notes issued by Anchor Hanover. The currency should have been sterling instead of pounds. A correction version is below.
Chicago, July 20 – Anchor Hanover Group sold £450 million 2% sustainability bonds with a 30-year tenor (A+), according to an admissions particulars document.
The notes were sold at a discount of 99.507.
The notes can be redeemed with a premium before maturity at par plus the benchmark Gilt plus 15 basis points.
Proceeds will be used for sustainable purposes, including the repayment of debt and in accordance with the sustainability financing framework.
Barclays was the global coordinator.
National Australia Bank Ltd. is the sustainability coordinator.
Banco Santander, SA, Barclays, National Australia Bank Ltd. and MUFG Securities EMEA plc are the joint bookrunners.
The group is a registered provider of social housing and a not-for-profit organization.
| Issuer: | Anchor Hanover Group
|
| Issue: | Sustainability bonds
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| Amount: | £450 million
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| Maturity: | July 21, 2051
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| Global coordinator: | Barclays
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| Bookrunners: | Banco Santander, SA, Barclays, National Australia Bank Ltd. and MUFG Securities EMEA plc
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| Trustee: | Prudential Trustee Co. Ltd.
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| Coupon: | 2%
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| Price: | 99.507
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| Call features: | Make-whole call at par plus Gilt plus 15 bps
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| Puts: | Putable if issuer ceases to be a provider of social housing for 180 consecutive days
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| Trade date: | July 19
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| Settlement date: | July 21
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| Rating: | S&P: A+
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