AHF price £49.5m of retained bonds for five housing associations
The Government guaranteed aggregator, Affordable Housing Finance (AHF), has sold the remainder of its outstanding retained bonds in two transactions.
The first of these priced Friday 1st December for 4 borrowers at G+29.5bps, with a total nominal of £39.5m, achieving an all-in rate of 2.146%.
These retained bonds were priced for two members of the Radian Group: The Swaythling Housing Society (£21m) and Drum Housing Association (£5.5m), while the remainder has been priced for West Kent Housing Association (£6m) and Golding Homes(£7m).
The second transaction was priced last Monday, for Yorkshire Housing with a nominal of £10m, achieving an all-in rate of 2.124%.
These retained bond pricings, which follow a string of housing association (HA) own name bond issuances, provide further evidence of the Government backed aggregator’s ability to on-lend cost-effective long-term finance.
Piers Williamson, AHF’s Chief Executive said:
“These latest retained bond pricings show how successful AHF has been in generating investor interest, despite the Government backed programme coming to the end of its underwriting period. AHF is pleased that all participating HAs will be able to utilise its competitive financing, which will help them deliver much needed affordable homes.”
If you require any further information, please contact
Piers Williamson, The Housing Finance Corporation Limited
Tel: 020 7337 9920, Email: Piers.Williamson@thfcorp.com
Neil Perrins, Director of Resources, Golding Homes
Tel: 01622 212506, Email: Neil.Perrins@goldinghomes.org.uk
Vimal Gaglani, Head of Treasury & Finance Risk Management, Radian Group
Tel: 023 8062 8018 Email: vimal.gaglani@radian.co.uk
Craig Reynolds, Director of Finance, West Kent Housing Association
Tel: 01732 749418, Email: craig.reynolds@wkha.org.uk
Guy Millichamp, Director of Finance, Yorkshire Housing
Tel: 0113 200 3321, Email: Guy.Millichamp@yorkshirehousing.co.uk
Related Articles
News
EIB in talks to provide £500m under Affordable Guarantee Scheme
Following the Government’s announcement last week of Guarantees of up to £3.5Bn to support the delivery of up to 30,000.
2013-06-24
News
Guaranteed debt continues to outperform
Having completed a new £208m bond at the beginning of August, the Government guaranteed aggregator Affordable Housing Finance (AHF) has.
2015-08-26