Standard Bank assists TUHF in raising R712 million to fund affordable housing solutions for South Africans.

TUHF is a specialised commercial property financing company, which provides loans to small to medium-sized companies and entrepreneurs for the building and refurbishment of residential housing in the inner cities of South Africa. The company plays a key role in urban regeneration and socio-economic development, aligning its sustainability strategy with the United Nations Sustainable Development Goals to support underserviced cities.

Standard Bank acted as sole arranger, dealer, sustainability structuring agent and debt sponsor in this landmark transaction, reinforcing its commitment to enabling inclusive growth in the affordable housing sector. The strong investor demand for this issuance underscores TUHF's increasing presence in the debt capital markets as a leading securitisation issuer.

“TUHF is pleased with the overall outcome of the Urban Ubomi 2 first tap issuance,” says TUHF Treasury Specialist Tebogo Moseamedi. “This transaction brings total funding raised through Urban Ubomi 2 to over R1.2 billion in 4 months. We continue to broaden our investor base and optimise the capital stack in our issuances—both key objectives achieved in this transaction.”

Urban Ubomi 2 (RF) Ltd is TUHF’s latest securitisation structure, with a programme size of R5 billion. In line with TUHF’s affordable housing ambitions, the programme includes funding for township developments, a fast-growing and high-impact asset portfolio. The notes issued under this programme are listed on the JSE sustainability segment as social bonds, reinforcing TUHF’s commitment to impact-driven investment.

Following its inaugural R573 million issuance, Urban Ubomi 2 has now successfully accessed the market twice in 4 months, demonstrating sustained investor confidence.

Since 2021, Standard Bank has played a pivotal role in supporting TUHF’s funding journey as sole arranger and dealer for Urban Ubomi 1 and Urban Ubomi 2, facilitating the successful raising of over R4 billion through public issuances. The bank continues to provide ongoing support as debt sponsor and settlement agent for each issuance.

“Standard Bank is proud to be associated with TUHF, who are making significant strides in urban regeneration and contributing to socioeconomic development in South Africa. We are committed to helping TUHF achieve their funding objectives by growing their presence in the debt capital markets securitisation market,” says Standard Bank Investment Banking Transactor: Demisha Pillay.

With this latest transaction, TUHF’s total listed note issuance volume in the debt capital markets now stands at approximately R4 billion, further strengthening its ability to drive inclusive, sustainable growth in South Africa’s property sector.