Kensington Mortgages has completed its latest securitisation sized at £472 million. The transaction is the first labelled social bond from a specialist lender and aligns with the ICMA Social Bond Principles of 2020 and contributes towards meeting the United Nations Sustainable Development Goals. The social bond has been formally accredited and recognised by ISS ESG, a provider of corporate governance and responsible investment solutions. The deal was oversubscribed across all tranches and the all-in pricing achieved is the tightest by a Kensington securitisation since 2008, with a total cost of 66bps. Kensington say that this deal highlights how they are aligning with UN Sustainable Development Goals relating to reducing inequality and building sustainable cities and communities.