Investor relations

At a glance:

Credit Rating: A+, outlook stable 

Homes England compliance:  V1G1

Stock: 10,672 homes

Turnover 2016/17: £65.1 million

 

We’ve built our development programme from a strong financial foundation and have the arrangements in place to achieve our ambition to deliver more than 500 homes a year. In 2017, we secured an £80 million loan investment from Lloyds Bank Commercial Banking and Handelsbanken [link to press release], to facilitate our further growth and development. This loan is in addition to the successful pricing of a £150 million bond issue (including £45 million retained bonds) which we announced in 2014 through our treasury financing company, Cambridgeshire Housing Capital plc. The bond carries a coupon of 4.250% and has a maturity of 31 years, and was priced at a semi-annual yield of 4.297%. This equated to a spread of 1.20% over the benchmark gilt at the time of pricing.

In 2019, Standard and Poor’s confirmed that we maintained our A+ global rating, one of the highest available.

The Regulator of Social Housing has judged CKH to have the highest rating for Viability and Governance – V1G1. The focus of its regulatory activity is on governance, financial viability and financial value for money as the basis for robust economic regulation.

For enquiries please contact Michael Heekin, Executive Director of Finance or Eddie Smy, Director of Risk, Performance and Business Improvement.