Special recognition at national awards
We were singled out to receive special recognition at last week’s Association of Corporate Treasurer’s Deal of the Year Awards, the first housing association ever to be recognised in this way.
The recognition was for the innovative £100 million bond issue we secured in September last year to support our growth plans and enable us to continue to invest in communities in Somerset and the West of England.
The bond will save Knightstone £3.6 million compared to other housing association bonds and has been described as a big leap forward, paving the way for other housing associations to follow.
Duncan Brown, our Director of Resources, said: “We’re delighted that the Association of Corporate Treasurers has recognised our innovative approach at its prestigious awards ceremony. A lot of work went into securing the bond and it’s brilliant that it’s been acknowledged in this way, particularly considering the large national and international brands we were shortlisted alongside.
“The bond issue ensures we can continue to provide desperately-needed affordable homes across Somerset and the West of England and continue our investment in local communities.”