Cbus Super allocated $30 million in NHFIC issuance
Cbus Super, a long-standing advocate for a housing bond aggregator, has been allocated $30 million in the latest National Housing Finance and Investment Corporate (NHFIC) bond issuance.
Cbus Super Chief Investment Officer said the success of both rounds of NHFIC issuance showed the value of the innovative financing model.
“Cbus is delighted to once again support NHFIC as a cornerstone investor in their successful second affordable and social housing bond issuance,” Mr Fok said.
“It is fantastic to see the tangible impact that NHFIC is having for Community Housing Providers by creating savings through lower interest costs and through construction of social and affordable homes.
“As the leading super fund for the building and construction sector we are pleased to invest in NHFIC bonds that meet our investment risk-return criteria and fund new housing construction for Australians in need.”
Cbus Super CEO David Atkin said the fund was pleased to be part of making a difference to housing outcomes for Australians while at the same time delivering appropriate returns for members.
“The success of NHFIC in enabling CHPs to invest in new housing construction shows what can be done through collaboration,” Mr Atkin said.
“Not only are these issuances proving popular with investors, the NHFIC loans are making an impact on housing outcomes for Australians.
“Cbus is pleased to be maintaining an ongoing commitment to the NHFIC programme.”
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