Cbus Super invests $49 million in NHFIC bonds to support Community Housing Providers
Cbus has successfully invested a further $49 million in the latest bond issuance from the National Housing Finance and Investment Corporation (NHFIC). This is the third investment in NHFIC bonds for Cbus, bringing our total investment to $88 million.
Cbus has been a long-time supporter of using a bond type of investment to pool funding from large investors for the delivery of affordable and social housing. NHFIC, a corporate Commonwealth entity dedicated to improving housing outcomes, has had a high level of demand from Australian and international investors for their AAA rated bonds .
The funds raised by NHFIC provide loans at lower interest costs to community housing providers (CHPs) to support the financing of properties across Australia, including supporting the construction and supply of new social and affordable dwellings.
This investment not only meets Cbus’ investment risk-return criteria, it contributes to the supply of housing for Australians in need and job creation through construction projects for years to come.
More projects to come
This project is the first of a number of announcements to come over the next 12 months, as Cbus continues to actively look for opportunities that not only represent value, but that will create both great returns and jobs for our members as we play an important part in the road to recovery for Australia.
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