NHFIC launches inaugural social bond

Wednesday, 20 March 2019

National Housing Finance and Investment Corporation (NHFIC) (AAA by S&P) launched its inaugural social bond on 20 March. The 10-year deal has indicative volume of A$250-300 million (US$175.3-210.5 million) and price guidance of 50-55 basis points over the implied yield on the 10-year Australian Commonwealth government bond futures contract. The deal is expected to price the day after launch via ANZ and UBS.