Affordable Housing Finance PLC
03 December 2014
£198,500,000 3.8% Guaranteed Secured Bonds due 2042/2044
We have been appointed as trustee for this new bond, a tap of a bond issued in May by Affordable Housing Finance (“AFH”), as subsidiary company of The Housing Finance Corporation (“THFC”) and are guaranteed by The Secretary of State for Communities and Local Government, and are rated ‘AAA’ by Standard & Poor’s. AFH is the delivery partner for the Affordable Housing Guarantee Scheme, which is designed to lower the cost of borrowing for Registered Providers of social housing. AFH makes loans to Registered Providers of social housing and there are ten such borrowers in this bond.
Law Debenture has a longstanding relationship with THFC as trustee for all of its bond issues.