NHFIC’s first bond issuance was a social bond of A$315 million issued in March 2019. By issuing social bonds NHFIC is able to:
progress its mandate to help low income and vulnerable Australians access affordable housing. Investors in NHFIC’s social bonds are helping to solve the housing crisis faced by these Australians
attract attention to the acute shortage of affordable housing in Australian
encourage investors to support the development of the sustainability and social bond markets in Australia.
NHFIC’s first social bond issuance was for a tenor of 10 years and was rated AAA (stable) by S&P.
NHFIC has developed a Sustainability Bond Framework aligned with the UN Sustainable Development Goals (SDGs) and the International Capital Market Association’s Social Bond Principles 2018 (SBPs). NHFIC intends to expand the Framework to cover issuance of sustainability and/or green bonds in the future. The Framework governs:
The use of proceeds of bond issuances
The process for evaluation and selection of AHBA loans financed or refinanced by the bond
The management of the bond proceeds
The form of reporting NHFIC will undertake.
View the Sustainability Bond Framework here.
NHFIC follows market best practise by submitting the Framework and its processes for external review by an independent assurance provider.
View the Pre-issuance Assurance Statement here.
For further information on NHFIC’s bond issuance please view the Information Memorandum.
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