By Rebecca Melvin
Concord, N.H., Jan. 18 – MORhomes plc priced a £28.6 million add-on to its 2.508% secured sustainability notes due 2053, of which £18 million were issued on Nov. 18.
The notes, which are to be consolidated and form a single series with the existing notes, priced at 95.515, for an indicated yield of 2.729%, according to a notice.
The notes priced under the company’s £5 billion secured euro medium-term note program, and they will be consolidated with the existing notes on March 1.
The dealer for the Regulation S issue is NatWest Markets plc. The legal maturity date is Feb. 19, 2053 and the expected maturity date is Feb. 19, 2051
The home financing company is based in the United Kingdom.
| Issuer: | MORhomes plc
|
| Amount: | £28.6 million
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| Issue: | Add-on to secured sustainability notes
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| Maturity: | Feb. 19, 2053
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| Dealer: | NatWest Markets plc
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| Coupon: | 2.508%
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| Price: | 95.515
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| Yield: | 2.729%
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| Pricing date: | Jan. 18
|
| Distribution: | Regulation S
|
| Total deal size: | £46.6 million, including £18 million issued on Nov. 18
|
| ISIN: | XS2408463490
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