The new seven-year bond will increase Together’s funding capacity to offer new loans, and comes just months after the successful launch of a separate £375m bond issuance in October 2016.
The announcement follows news that Together has expanded both its commercial and development finance teams with a number of recent appointments and promotions.
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Mike McTighe, group chairman at Together (pictured above), said: “We are delighted to have successfully issued this £200m bond on such favourable terms, so soon after completing our landmark £375m issuance last year.
“This investment is testament to the strength of our business and financial position, while demonstrating continued investor appetite and support for Together’s ambitious growth plans.”
The two bonds will sit alongside the group’s asset-backed securitisation programmes and other current funding facilities.
Earlier this year, Together agreed a £90m structured credit facility to expand its bridging finance activity.
Gary Beckett, group chief financial officer at Together, added: “This new bond will provide additional funding across our business, allowing us to meet the continued demand for our products and serve our growing customer base.
“With its seven-year term, this bond provides long-term liquidity to help deliver our growth strategy.”
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