The Housing Finance Corporation has raised £55.2 million through a ‘tap issue’ of a bond first brought to the market in 2011.
Ten housing association borrowers, including four from Wales and one from Northern Ireland, have each taken a share of the 30-year money, priced at 1.38 per cent above the cost of government borrowing.
The spread gave the new issue an all-in cost of 4.31 per cent. The new tap also took the total raised through the bond since it first came to market 18 months ago to significantly over £500 million.