Funding Announcement
Summary by AI BETAClose X
£350,000,000 2.125 per cent. Secured Bonds due 2053 (the Bonds)
ISIN: XS2317332562
Onward Homes announces £207.6m funding package
Onward Homes has secured £207.6m in funding from HSBC, NatWest and Barclays. The funding comprises loans of £90m from HSBC and £62.6m from NatWest and £55m from Barclays on a revolving credit facility basis. The funding will unlock further capacity as Onward delivers its 2030 corporate plan.
Dani James, Executive Director of Finance at Onward, said:
"As we look to the future, this funding adds further strength and capacity as we deliver the vision set out in our corporate plan. It will support continued investment in customers' homes and our plans to build more quality, affordable housing across the region.
"These partnerships are critical in enabling our ambitions to make a positive difference in our communities. We are grateful to our advisors, Devonshires and Savills Financial Consultants, for their expertise and guidance."
For further information, please contact:
Dani James
Executive Director of Finance
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