TIDM79NB

RNS Number : 4404I

Moat Homes Limited

08 August 2019

Announcement of Forward Purchase Agreement

Moat Homes Finance plc

Further issue of 5 per cent. Secured Bonds due 2041 (to be consolidated and form a single series with the GBP150,000,000 5 per cent. Secured Bonds due 2041)

Moat Homes Finance plc has today executed a Forward Purchase Agreement in connection with the issue of an additional GBP100 million in principal amount of its 5 per cent. Secured Bonds due 2041 (the "New Bonds"). The issue of New Bonds has been priced at 2.58 per cent. It is expected that the proceeds, including an amount representing accrued interest, will be received on 8 November 2019. Moat Homes Finance plc also intends to issue a further amount of up to GBP50,000,000 of its 5 per cent. Secured Bonds due 2041 on the same date which will be immediately repurchased and held for future sale.

For further information, please contact:

Greg Taylor

Telephone: 0845 359 6472

Email: greg.taylor@moat.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

IODUWVARKNAWRAR

(END) Dow Jones Newswires

August 08, 2019 08:19 ET (12:19 GMT)

Moat Hms 5% 41 (LSE:79NB)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Moat Hms 5% 41 Charts.
Moat Hms 5% 41 (LSE:79NB)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Moat Hms 5% 41 Charts.