Leeds City Council has closed its £101m bond aimed at financing a large social housing project.
The council is part of the sustainable communities for Leeds (sc4I) consortium, which will use the bond to refurbish 1,245 homes and build 388 new ones.
The publicly listed bond was priced at a coupon of 5.069% on 5 July and is guaranteed for its 19-year life by AGE.
Nick Proud, CEO of AGE, said: ‘We believe wrapped bonds to be a key element of UK infrastructure financing, once again, and we are ready to guarantee a significant quantum of infrastructure debt.’