NatWest Group taps euros to fund social housing

By Frank Jackman
23 Feb 2021

NatWest Group sold the first social housing bond from a UK financial issuer on Tuesday, attracting a highly granular peak order book of over €4.5bn. Investors have latched onto environment, social and governance (ESG) linked bank supply over the past few weeks, with two more labelled deals set to follow in the coming days.

The proceeds from the bond will support the firm's lending to non-profit  housing associations that provide affordable accommodation in the UK.

Last July, NatWest committed to providing £3bn of funding to housing associations by the end of 2022 to finance the construction of 20,000 new properties and the ...

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