Issue of £350m bond by Peabody under a new sustainable finance framework

BDO acted for Peabody Trust in connection with the issue of their £350m bond under a new sustainable finance framework. 

The Peabody Trust is one of the oldest and also one of the largest housing associations.

Peabody has confirmed its intention to merge with Catalyst Housing, which will create a new organisation that will be responsible for 104,000 homes, occupied by 220,000 residents across London and the South East.

"We were delighted to work with Peabody Trust on the issue of this bond, which is under a sustainable finance framework which will mean that Peabody uses the proceeds of the bond in a way that will  produce both environmental  benefits and social benefits for their residents."

David Wright, Director, BDO LLP