Company Announcements

Potential Future Issue of Notes

Source: RNS
RNS Number : 3929D
Blend Funding PLC
27 October 2020
 

 

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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCPPGRUUUPUGMM