C&C Bond updates

Allia C&C is pleased to announce the successful completion of a CCDS issue for the Ecology Building Society. The transaction provides Ecology with Common Equity Tier 1 capital allowing it to continue expanding the scope of its operations.

Despite enjoying strong credit ratings and an impeccable track record, most Housing Associations still issue bonds on a secured basis – a practice that may be doing more harm than good.

Allia C&C is delighted to have worked with LiveWest Treasury PLC to launch its 5% fixed rate notes due in 2031 as part of its EMTN programme. The bonds were issued with a coupon of 5% with a six-year maturity, benefiting from the shape of the yield curve.

An updated sustainability bond framework has been launched for RCB to provide a transparent account of the process by which the board of RCB reviews each prospective borrower.