Affordable Housing Finance plc

02 June 2014

£208,400,000 3.8% Guaranteed Bonds due 2042/2044
Guaranteed by The Secretary of State for Communities and Local Government

We have been appointed as trustee for this inaugural bond issue by Affordable Housing Finance plc (“AFH”),  a subsidiary company of The Housing Finance Corporation (“THFC”). The bonds are guaranteed by The Secretary of State for Communities and Local Government and are rated ‘AAA’ by Standard and 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 (and their equivalent in the devolved administrations – Scotland, Wales and Northern Ireland) to encourage them to bring forward supply of affordable housing projects. AFH makes loans to Registered Providers of social housing: there are thirteen such borrowers in this initial bond, including one in Scotland and two in Wales.

Law Debenture has a longstanding relationship with THFC as trustee for all of its bond issues.
Back to top