Potential Future Issue of Notes
Source: RNS
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S.
bLEND Funding PLC
£2,000,000,000 Secured Euro Medium Term Note Programme
bLEND Funding plc (Blend) is pleased to announce the addition of a new borrower to the pool of Housing Association borrowers. Details of all borrowers are set out on the Blend website https://blendfundingplc.com/
Following a £250million tap of Blend's 2.922% Notes due April 2054 in October 2020, £100million of the bonds retained by the issuer were sold to investors under forward purchase agreements for settlement in 6 months' and 12 months' time. The issuer retained a balance of £50million of the bonds.
Subject to market conditions, Blend intends to sell in the coming days c.£30million out of the £50million of retained bonds on a Spot Sale basis and will retain the c.£20million balance to be sold at a future date. Future sales may be agreed on the basis of a Forward Sale with settlement of up to 12 months.
bLEND Funding Plc is a wholly owned subsidiary of The Housing Finance Corporation Limited.
For further information please contact Piers Williamson or Fenella Edge on 020 7337 9920.
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