Heylo Housing Secured Bond PLC Investor Report and Covenant compliance (4279O)
30 May 2020 - 1:33AM
UK Regulatory
TIDMHEY1
RNS Number : 4279O
Heylo Housing Secured Bond PLC
29 May 2020
Heylo Housing Secured Bond Plc
Publication announcement of Investor Report and Covenant
Compliance at 31 March 2020
29 May 2020
In accordance with the terms of the base prospectus dated 28(th)
September 2018, our investor report including covenant compliance
at 31 March 2020 is now available on the heylo website
http://heylohousing.com/heylo-housing-group-retail-bond.
The company has continued make progress in the last quarter and
as of today, 95% of the Company's property portfolio is occupied
and yielding. Once all properties in the portfolio are occupied and
yielding, we anticipate that the annual rent roll will be ca. GBP
550 - 570,000 i.e. >2x the annual bond payments. In addition,
the company has continued to trade satisfactorily during the
lockdown period to date and rent collections have remained strong
and in excess of 97% over that period.
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
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