Investor Relations

Radian and Yarlington announce partnership talks

The Boards of Radian and Yarlington Housing Group announced on Friday 26 April that they are exploring options to form a partnership.

Between them, the two Groups own and manage 38,000 units across the south west and south of England. Over the coming months the two Groups are intending to explore options that could:

    • Deliver long-term benefits for the customers and local communities served by the two Groups
    • Transform customer experience by further developing digital services for customers alongside a continuedstrong focus on local services
    • Provide more than just bricks and mortar – supporting residents into employment, better jobs and ultimatelycareers through an innovative social business

Radian and Yarlington share similar values; geography is complementary and corporate ambitions are very much aligned – including collaboration, scale and value for money targets.

Financial viability, performance, people capability and governance of both businesses is strong, providing a great platform on which to build a partnership and deliver more new homes and improvements for customers and the local communities within the south of England.

For further information please contact:

Anne Costain, Director of Finance and IT, Radian Group Limited on Anne.Costain@radian.co.uk or 01753 777408

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, Head of Treasury & Finance Risk Management, 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 18 January 2019 Moody’s confirmed, following their review, our credit rating remained unchanged at A3 stable.

In their review Moody’s highlighted our strong operating performance and healthy & strong liquidity position, which we consider has us well placed to achieve our five year Corporate Strategy 2018 – 2023 including the delivery of 3,500 new homes across five years.

 

Further information

Prospectuses for secured bonds can be downloaded below:

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