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Hexagon secures ‘best loan’ deal

July 14, 2014

Hexagon is one of only 13 housing associations to benefit from what is believed to be the lowest price for a public bond transaction in the sector’s 26-year history of accessing private finance.
Affordable Housing Finance, a subsidiary of The Housing Finance Corporation and the UK government’s delivery partner for the Affordable Homes Guarantees Programme (AHGP), issued £208.4m of AAA-rated, government-backed 28-year bonds at an all-in cost of 3.76%. The transaction was three times over-subscribed and included new investors to the sector.

This is a significant gain for Hexagon which has secured a £7.5m loan to deliver much needed new housing.

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Hexagon Housing Association
HEXAGON HOUSING
ASSOCIATION

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