Stonewater raises £250m through ‘green’ bond

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Housing association raises cash for development days after £250m award under affordable homes programme

Housing association Stonewater has raised £250m from the bond market in order to help it deliver plans to build out a 6,250-home development pipeline by 2024.

The 34,255-home housing association secured the bond finance just days after its partnership with the Guinness Trust was awarded a further £250m by Homes England to build 4,180 affordable homes under the new affordable homes programme.

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