L&Q – one of the UK’s leading housing associations – has launched a £300m bond focusing on reducing carbon emissions and improving energy efficiency in residential homes, while creating more affordable homes for people at the same time.
The sustainability-focused UK housing association bond is said to be the first of its kind, and has been set up in conjunction with France-headquartered BNP Paribas - the sole sustainability structuring advisor and joint book runner on the bond. Money raised through the £300m bond is intended to be invested in the building of 8,000 new homes in the UK by April 2024, over half of which are meant to be ‘affordable' for buyers. Home REIT manager: 'self-discipline' key to success Agnes Gourc, head of sustainable capital Markets, BNP Paribas, "L&Q is proving that finance can be used...
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