14 April 2025
bLEND Funding PLC
£3bn Euro Medium Term Note Programme
bLEND Funding plc, is pleased to announce the addition of a new borrower to the pool of Housing Association borrowers. Details of all borrowers are set out on the Blend website: https://blendfundingplc.com/portfolio-data/
bLEND Funding Plc has mandated Lloyds and NatWest to explore the possibility of a Social, senior secured Reg S, fixed rate, 6 year, sub-benchmark £200m offering, of which £95m is expected to be retained. The notes are expected to be rated A2 by Moody's and would be issued under bLEND Funding PLC's £3bn Euro Medium Term Note Programme dated 25 March 2025. Any offering would be subject to market conditions.
The net proceeds of the notes would be used for on lending to authorised borrowers on the terms set out in the Programme Memorandum dated March 2025. The proceeds would be used in accordance with bLEND Funding Plc's Sustainable Bond Framework.
bLEND Funding Plc is a wholly owned subsidiary of The Housing Finance Corporation Limited
For further information please contact Ben Rick on 02073379926 or Will Stevenson on 02073379925.
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