GB Social Housing 24 November Tap Issue

GB Social Housing closed its seventh tap issue on Friday 24 November at an effective fixed rate of 3.644% (UKT 4.75% 2038 Gilt 1.844% and spread 1.8%) which represents the best achieved rate for a GB Social Housing tap issue to date.   There was strong demand for the benchmark issue from the capital markets and our tap was four times oversubscribed.  This tap issue provides funding to Mount Green HA, Caledonia HA, Mid-Wales HA and Harrogate HA.