Investor Relations

Radian and Yarlington confirm new partnership

The Boards of Radian and Yarlington Housing Group announced today (Monday 4 November) that they are formally entering into a partnership to form a new organisation, Radian Group.

The new organisation will manage 38,000 homes and assets, serving 79,000 customers across 36 local authorities in the south and south west of England. Our combined size and expertise will allow us to contribute to a wide variety of new projects as an ambitious and well-resourced partner.

The priorities of the new organisation will be to deliver on both scale and quality. As a larger housing organisation, we have an ambitious target to deliver over 10,000 homes by 2030, providing more quality homes across the south and south west.

The new partnership will allow us to invest more in the communities in which we work, for example contributing additional resources to homelessness prevention and rolling out new digital services for our customers. We will also extend our employment support service Inspired2Achieve across our entire area of operation.

The decision for Radian and Yarlington to partner follows an extensive period of consultation between the two organisations. We are delighted that by working together we will be able to achieve more for our customers and people who need our services.

For more information contact Vimal Gaglani, Director of Treasury and Financial Planning, via email to vimal.gaglani@radian.co.uk

Bond sales

Radian is pleased to announce the sale of its £26.5m retained bonds with Affordable Housing Finance Plc (“AHF”). The all-in cost achieved was 2.146%, a spread over gilts of 29.5bps.

Raising this low-rate financing will help Radian in achieving its corporate strategy, funding the provision of affordable homes.

For more information contact Vimal Gaglani, Director of Treasury and Financial Planning, via email to vimal.gaglani@radian.co.uk

The Regulator of Social Housing

The Regulator of Social Housing assessed us as G1 for governance and V1 for financial viability.

Moody’s Credit Rating

On Tuesday 22 October and in anticipation of a proposed partnership with Yarlington, Moody’s confirmed Radian’s credit rating remaining unchanged at A3 stable. Yarlington’s credit rating has also be retained at A3 stable.

In their review Moody’s highlighted our strong operating performance and exceptional liquidity position, which we consider has us well placed to fulfill the aspirations of the combined group.

For further information please contact Vimal Gaglani, Director of Treasury and Financial Planning, Radian Group Limited via email to vimal.gaglani@radian.co.uk

Further information

Prospectuses for secured bonds can be downloaded below:

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