Affordable Housing Finance Plc appoints Law Debenture as trustee for new bond issue
18 January 2017
£114,800,000 2.893% Guaranteed Secured Bonds due 2043/2045 to be consolidated and form a single series with the existing £848,400,000 2.893 per cent.
Guaranteed Secured Bonds due 2043/2045
Guaranteed by the Secretary of State for Communities and Local Government
Law Debenture has been appointed as trustee for a further tap issue by Affordable Housing Finance (“AHF”). The bonds are guaranteed by The Secretary of State for Communities and Local Government and are rated ‘AA’ by Standard & Poor’s. AHF is a subsidiary of The Housing Finance Corporation (“THFC”) and 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 to encourage them to bring forward the supply of affordable housing projects.
Law Debenture has a longstanding relationship with THFC as trustee for all of THFC’s bond issues.