16th June 2026
Sanctuary
Sanctuary has successfully issued its first sustainability bond.
The issuance comprises a nine-year £350 million secured sustainable bond under Sanctuary’s £2.5 billion Euro Medium-Term Note programme.
Following a day of marketing, including presentations to more than 20 investors, demand exceeded £1.3 billion with interest from a diverse investor base, resulting in a final gilt spread of 85 basis points and coupon of 5.625%.
The bond, rated A2 by Moody’s and A by Standard & Poor’s, achieved Sanctuary’s lowest ever credit spread on a primary benchmark bond issue.
Net proceeds will be allocated in accordance with Sanctuary’s Sustainable Finance Framework which was published just over a year ago.
Sanctuary, which manages over 125,000 homes across England and Scotland, is rated as A2 stable and A stable by credit rating agencies Moody’s and Standard & Poor’s respectively.
It also has G1 governance, V2 viability and C1 consumer ratings from the Regulator of Social Housing.
Ed Lunt, Sanctuary’s Chief Financial Officer, commented: “Securing this bond issuance demonstrates the confidence investors have in the organisation, particularly given the external macroeconomic conditions impacting the capital markets.
“The proceeds will support us to grow our business and deliver our strategic objectives in line with our values. This includes further investment in our current homes and the development of much-needed new affordable housing.”
