We've issued a 10 year Retail Price Index* linked ("RPI") Sterling bond on the London Stock Exchange's market for retail eligible bonds (ORB).

Chris Jones, Group Head of Tax and Treasury at Places for People:

"We're delighted with the support retail investors have shown in this issue. Over the last 9 months we have raised £180m from the retail bond markets, demonstrating strong demand for investment in the housing sector, which has good credit credentials, stable cash flows, and strong financial viability.

"The retail bond market represents a new stream of finance for the housing sector, and is part of our longer-term funding strategy to diversify our investor base through the debt capital markets and to increase flexibility and responsiveness to access the financial markets by unsecured fund raising across a range of maturities.

"The proceeds raised by the RPI linked bond will be used to finance Places for People's future operations, capital expenditure and to refinance existing secured bank debt."