Midlands housing association Platform Housing Group has set up a £1bn debt programme.
The company will use proceeds from the Euro Medium Term Note programme to develop affordable housing across the region and improve the energy efficiency in its existing portfolio. Issuances will be in multiple currencies and can also be linked to the company’s ESG criteria, including its sustainability performance.
Elizabeth Froude, chief executive at Platform Housing Group, said the programme “signals that Platform is committed to fund raising from the capital markets and its A+ ratings demonstrate we remain a sound investment”.
She added: “It will help us access the funding that we need to invest in our homes and our communities as we continue to help alleviate the Midlands housing shortage and provide enhanced life prospects for more people.”
NatWest Markets is sole arranger for the programme. George Flynn, a member of the debt and financing solutions team at NatWest Markets, said: “This will provide swift access to the capital markets for funding to support Platform’s core social purpose to expand the availability of affordable homes across the Midlands.”
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