For-profit association Sage raises £280m with ‘sustainable’ bond

money

Funds will help Blackstone-owned provider meet target to build 20,000 new homes

Blackstone-owned ‘for-profit’ association Sage Housing has raised £280m of finance to help fund its 20,000-home build programme.

The £94m turnover affordable housing provider said it had raised the cash by issuing a bond, arranged by Deutsche Bank, which was the first of its kind in Europe to be accredited as a sustainable, green and social bond at the same time.

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