London Stock Exchange welcomes A2Dominion to ORB

London Stock Exchange welcomes A2Dominion to ORB

Wednesday 23rd October 2013

A2Dominion is one of the country’s leading providers of high quality housing and services with over 34,000 homes across London and the South East.

A2D Funding PLC raised £150m via its issuance of AA- rated retail bonds.  The 4.75% unsecured sterling bonds, due 2022, are guaranteed by A2Dominion Housing Group Limited (A2Dominion).

The offer period closed early due to high demand and A2Dominion holds the record for the fastest ever book-building period on ORB.

Proceeds will be used to fund A2Dominion's development programme and to further grow its diverse portfolio.   This includes social housing, student accommodation, properties let on the open market, shared ownership and homes for sale.

Dean Tufts, A2Dominion’s Executive Director (Finance & Strategy), said: “We have seen a high level of demand for our retail bonds, which we believe reflects our sound business strategy and is a vote of confidence from our investors. The retail bonds will diversify our sources of funding and assist us to continue developing much-needed, high quality housing in the South East.”

The advisors were as follows:
Canaccord Genuity Limited- Joint Lead Manager Lloyds Bank plc- Joint Lead Manager KPMG plc - Financial Advisors to A2Dominion Group Allen & Overy LLP- Legal Advisors to the Joint Lead Managers and Trustee Devonshires Solicitors - Legal Advisors to A2Dominion Group Law Debenture Corporate Services Limited - Corporate Services Provider for A2D Funding plc