Heylo Housing Secured Bond PLC Investor Report and Covenant compliance (4279O)

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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.

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May 29, 2020 11:33 ET (15:33 GMT)