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
Since March 2019, NHFIC has issued nearly A$1.2 billion in social bonds, making it one of the largest issuers of social bonds in Australia. By issuing social bonds NHFIC is able to:
NHFIC has issued three social bonds:
|
|
Volume |
Tenor |
Issued |
|
Bond 1 |
A$315m |
10 years |
March 2019 |
|
Bond 2 |
A$315m |
10.5 years |
November 2019 |
|
Bond 3 |
A$562m |
12 years |
June 2020 |
|
Bond 4 |
A$343m |
15 years |
June 2021 |
|
Bond 5 |
A$362m |
10 years |
June 2021 |
|
Bond 6 |
A$100m |
10 years |
June 2021 |
Bond 1 and Bond 2 were rated AAA (stable), and Bond 3 was rated AAA (negative) by S&P.
Awards and recognition
-
NHFIC's second bond of $315 million (issued in November 2019) was awarded 'Social Infrastructure Deal of the Year' in The Asset's Triple A Infrastructure Awards 2020.
-
NHFIC was recognised by financial publication KangaNews as the 2019 Australian Government-Sector Issuer of the Year.
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.
