Platform Housing Group Doubles EMTN Programme to £2bn and Publishes updated Sustainable Finance Framework

Platform Housing Group, one of the largest housing associations in the Midlands, has doubled its Euro Medium Term Note (“EMTN”) programme (rated A+ by S&P and Fitch) to £2bn and at the same time published a new Sustainable Finance Framework. 

Funding from the programme will be allocated in line with Platform’s updated Sustainable Finance Framework, to develop affordable housing across the Midlands, to improve the energy efficiency of its existing homes and to decarbonise its fleet of vehicles used by its maintenance subsidiary Platform Property Care. 

The programme demonstrates Platform’s commitment to continue investing in both homes which are acutely needed in order to help tackle the shortage of housing and in its existing housing to tackle the net zero carbon challenge in the UK.  It signals that Platform will look to fund these capital programmes through the debt capital markets and follows its £250m bond issued in April 2024. 

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Rosemary Farrar, Chief Finance Officer at Platform Housing Group

Rosemary Farrar, Chief Finance Officer at Platform Housing Group said: “We are delighted to have increased the quantum of our EMTN programme, which will continue to play a key part in our Treasury Strategy for the coming years. The programme signals that Platform is committed to fund raising from the capital markets and with our A+ ratings we remain a sound investment.  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.”

Platform Housing Group – which owns 50,000 homes - completed 1,202 homes in 2024/25 at an investment of £313m.  Platform’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.

NatWest Markets acted as Sole Arranger and Sustainability Co-ordinator on the Programme enlargement and Framework publication, with Bevan Brittan and Addelshaw Goddard LLP appointed as legal counsel to Platform and the joint dealers respectively. 

For further information please contact Ben Colyer, Corporate Treasury Director at Platform Housing Group on 07918 16099 or email him at ben.colyer@platformhg.com.