BondAuction, an innovative auction platform for Primary Debt Capital Markets (DCM), has partnered with The Housing Finance Corporation, to enhance access to finance for affordable housing finance in the UK.
BondAuction aims to simplify primary fixed income issuance by providing a transparent, efficient, and secure platform for issuers, investors, and underwriters. The platform enables investors to place bids in primary debt issuances, allowing issuers and underwriters to make fast, informed decisions to set deal terms—reducing time and risk when executing trades. By allocating all bids at a single clearing price via an open auction process, BondAuction empowers issuers and investors with real-time price discovery and improved transparency, similar to government bond auctions.
The Housing Finance Corporation is the UK’s leading affordable housing aggregator with a loan book of nearly £8bn. As well as supporting The Housing Finance Corporation’s own issuance, the partnership with BondAuction aims to foster improved access to finance for the wider housing association sector, helping more organisations benefit from competitive pricing and greater market access.
Ben Rick, Chief Commercial Officer at The Housing Finance Corporation, said:
We are a mutual that focuses exclusively on affordable housing in the UK. We have always innovated with the aim of achieving the best possible funding terms for the sector, allowing our housing association borrowers to grow and meet the demand for affordable housing. This partnership with BondAuction is a further demonstration of how we embrace innovation to achieve better outcomes for borrowers.
Spencer Maclean, Co-Founder of BondAuction, said:
From the outset, we’ve worked to ensure that BondAuction delivers optimal funding outcomes by leveraging technology to transform the decades-old process of primary fixed income issuance. Our partnership with The Housing Finance Corporation is particularly significant for BondAuction as not only does it bring the first auction issuances, but also realises the platform’s benefits for social good—helping to enable access to efficient financing for the affordable housing sector.
About BondAuction
BondAuction is regulated by the FCA (UK) and AFM (Netherlands) and provides an auction platform for the Primary Debt Capital Markets, ensuring significant improvements in the new issue process benefitting issuers, underwriters, and investors. Building on over 75 years’ experience amongst the principals in running new issues and delivering transformational technology, the BondAuction is a transparent, efficient, and secure platform for issuers and underwriting banks to auction primary debt transactions and connect to institutional investors.
About The Housing Finance Corporation
The Housing Finance Corporation has been the UK’s leading affordable housing aggregator for more than three decades, providing innovative funding solutions for over 150 housing associations across all four nations of the UK. It has built a loan book of nearly £8bn and is expanding its financial products for the affordable housing sector. The Housing Finance Corporation has made significant contributions toward solving the UK’s affordable housing crisis, having funded 32,000+ homes under Affordable Housing Finance Plc, which oversaw the government’s initial Affordable Housing Guarantee Scheme. The aggregator launched Blend Funding Plc in 2018 which has grown to provide committed facilities to 33 housing associations totaling over £1.7bn. In February 2025 the organisation announced the launch of a groundbreaking £150m partnership with the National Wealth Fund (NWF) to finance retrofitting of affordable homes alongside its new lending vehicle THFC Sustainable Finance Plc.