Section: Housing Finance

Platform Housing Group Establishes billion pound EMTN Programme

Posted 22.02.21
Platform Housing: Further reading

Platform Housing Group has established a £1 billion multi-currency, ESG (environmental, social, and governance) enabled, Euro Medium Term Note (EMTN) programme, supported by NatWest Markets acting as Sole Arranger.

Funding from the programme will be used to develop affordable housing across the Midlands and to improve the energy efficiency of its existing homes.

Platform Housing Group's operating area is from Herefordshire in the West to the Lincolnshire coast in the East, and from the Derbyshire Dales in the North to the Cotswolds in the South.

The Group owns 46,000 homes in total and it completed 1,448 homes in 2019/20 at an investment of £258 million, with similar targets achieved in the previous year.

The Group built more social rented homes during the past two years in England than any other provider.

The programme demonstrates Platform's commitment to fund raising through the debt capital markets, following its £350 million bond issued in July at a record breaking yield of 1.71%.

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Edited by Mike Skilton



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Reporting on February 2021

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