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On 19 November 2025, Blend Funding Plc (the "Issuer") completed a new tap issuance of £250 million of its 11 June 2032 maturity notes at a credit spread of G+88 basis points and a yield of 4.999 per cent. Of this, £150 million was sold to investors on behalf of Vico Homes, with the remaining £100 million retained by the Issuer, bringing the total notes issued to £660 million, of which £250 million is currently retained by the Issuer.
| Date | 19 Nov 2025 |
| Time | 07:00:06 |
| Category | Capital structure |
| ID | 0688I |
19 November 2025
Blend Funding Plc
Issue of Further Notes
Blend Funding Plc (the "Issuer") announces that it has completed a new tap issuance of £250 million of its 11 June 2032 maturity notes under its existing programme.
The notes were issued at a credit spread of G+88 basis points and a yield of 4.999 per cent.
Of this amount, £150 million has been sold to investors on behalf of Vico Homes, with the remaining £100 million retained by the Issuer for potential future sale to support funding for future borrowers.
Following this transaction, the total amount of notes issued stands at £660 million, of which £250 million is currently retained by the Issuer.
More details of Blend and its borrowers be found at: https://thehousingfinancecorp.com/investors/blend-funding-plc/
For further information, please contact: Priya Nair or Ben Rick on 020 7337 9920.