Full Year Results Presentation
Debt financing - diverse profile
Extended £1.1bn RCFs:
-
£650m by a further year to 2025
£450m ESG-linked RCF by a further year to 2026
£1.8bn undrawn facilities and cash
£100m loan signed with Homes England to fund specified
infrastructure works at Canada Water
£160.5m seven year loan raised from SMBC new JV with
Allianz secured by JV assets (first SONIA based loan)
Refinanced a £200m HUT bank loan to December 2023
No requirement to refinance until early 2025
LTV decreased by 200bps to 32.0%2
Weighted average interest rate 2.9%²
Weighted average drawn debt term maturity 7.6 years²
Fitch affirmed all our credit ratings, including senior
unsecured at 'A', with Stable Outlook
£4.9bn Debt and facilities (3.2bn drawn) 1
31 March 2021
£1.0bn
£0.6bn
£0.3bn
£1.7bn
£0.2bn
£0.3bn
£0.8bn
Facilities Undrawn
Facilities Drawn
US Private Placements
Sterling Bond
Debenture
JVs Securitisations
JVs & Funds Bank Loans
Unsecured
Secured
1 Proportionally consolidated. HUT's debt shown at our share (£0.3bn) within JVs & Funds Bank Loans.
2 On a proportionally consolidated basis
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