Heylo Housing Secured Bond PLC Investor Report and Covenant Compliance (6828G)

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RNS Number : 6828G

Heylo Housing Secured Bond PLC

26 November 2020

Heylo Housing Secured Bond Plc

Publication announcement of Investor Report and Covenant Compliance at 30 Sep 2020

26 Nov 2020

In accordance with the terms of the base prospectus dated 28(th) September 2018, our investor report including covenant compliance at 30 Sep 2020 is now available on the heylo website https://static1.squarespace.com/static/552cd048e4b09906febbcef3/t/5fbfc79af81c9a2a0ca45df0/1606403996764/heylo+Investor+Report+HHSB+Nov+2020.pdf .

The company has continued make progress in the last quarter and as of today, 99% of the Company's property portfolio is occupied and yielding. Once the surplus cash is reinvested and all properties in the portfolio are occupied and yielding, we anticipate that the annual rent roll will be ca. GBP 570k-580k 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 for the six months ended 30 Sep 2020 was 98%.

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November 26, 2020 11:44 ET (16:44 GMT)

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