Trust completes re-financing exercise with bLEND
bLEND is an A2 rated social bond programme, providing bond finance to housing associations across the UK.
Trust recently completed a re-financing exercise, securing £22 million of bond finance from bLEND Funding Plc to support the delivery of its three-year business strategy, the Time is Now.
bLEND is an A2 rated social bond programme, providing bond finance to housing associations across the UK. The organisation is a subsidiary of The Housing Finance Corporation (THFC). THFC is an independent, specialist not-for-profit finance business which focuses on lending to the social housing sector.
Zoe Purdie, Trust's Director of Finance & People, said: "For a 30-year fixed rate, this represents huge value and gives us the certainty, and liquidity, to continue implementing our bold strategy.
"The strategy is all about putting customers and empowered teams at the centre of a growing business that is meeting the changing needs of our customers and workforce, while delivering exceptional value. It is also about investing in our existing homes, building new affordable homes, and accelerating our investment in technology and our journey to net zero."