The 24-year bond is issued through the new £1bn European Medium-Term Note Programme which will help us to deliver new affordable homes in the South West.
We are just one of four housing associations to have an EMTN programme and this combined with our A2 Moody’s rating underlines our financial strength.
Our Deputy Chief Executive Officer and Executive Director of Finance, Melvyn Garrett, spoke to Social Housing recently and said: “Our focus is very much on delivering a substantial increase in the number of new affordable homes, delivering high quality services and ensuring that our financial and organisational resilience underpins our ambitious plans.
‘’This bond supports our plans to deliver 7,000 homes over the next five years, which equates to £2bn investment into the South West economy and will sustain over 7,000 jobs in the building supply chain.’’