Investor relations
Investing in positive social outcomes
Social bond issuances
NHFIC’s first bond issuance was a social bond of A$315 million issued in March 2019. It has since issued two more bonds: one for A$315 million in November 2019 and one for A$562 million in June 2020. 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.
Bond issuances to date
NHFIC has issued three social bonds totalling almost $1.2 billion, making it one of the largest issuers of social bonds in Australia.
|
Bond |
Bond 1 |
Bond 2 |
Bond 3 |
|
Principal amount |
A$315m |
A$315m |
A$562m |
|
Issue date/settlement date |
28 March 2019 |
27 November 2019 |
29 June 2020 |
|
Maturity date |
28 March 2029 |
27 May 2030 |
29 June 2032 |
|
Issue price |
100 per cent of the principal amount |
100 per cent of the principal amount |
100 per cent of the principal amount |
|
Interest rate |
2.38 per cent |
1.52 per cent |
1.41 per cent |
|
Coupon payable |
Semi-annually on 31 March and 30 September |
Semi-annually on 27 May and 27 November |
Semi-annually on 29 June and 29 December |
|
Bond classification |
Social bond |
Social bond |
Social bond |
|
ISIN |
AU3CB0262038 |
AU3CB0268746 |
AU3CB0272904 |
Bond 1 and Bond 2 were rated AAA (stable), and Bond 3 was rated AAA (negative) by S&P.
Social Bond Report 2019-20
NHFIC's Social Bond Report 2019–20 provides information on the use of proceeds from NHFIC’s social bond issuances and demonstrates the impact that its transformative financing is achieving in improving housing outcomes. This report forms a key disclosure requirement under NHFIC’s Sustainability Bond Framework.
Read the Social Bond Report 2019-20:
Read the Social Bond Report 2018-19.
