Investor Relations

New Chief Executive for Radian announced

Gary Orr has been appointed as the new Chief Executive of Radian, taking up post in October. With over 20 years experience in the housing sector, Gary joins Radian from Yarlington Housing Group, where he served as Chief Executive for seven years. Before joining Yarlington, he was Chief Executive of Homes in Sedgemoor.

Vice-Chair of the National Housing Federation (South West) and a founding member of Homes for the South West, Gary regularly features on lists of the most influential people operating within the housing sector. He has also recently commenced a part-time PhD researching the increasing commercialisation of the sector and the implications this will have for housing over the next 20 years.

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@www.radian.co.uk

The Regulator of Social Housing

The Regulator of Social Housing has recently completed Radian’s In-Depth Assessment (IDA). We were assessed at V1 for financial viability and G2 for governance.

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 tenures.

 

Further information

Prospectuses for secured bonds can be downloaded below:

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