Devonshires acted for Platform Housing Group on the establishment of a £1bn Euro Medium Term Note programme.
Funding from the programme will be used to develop affordable housing across the Midlands and to improve the energy efficiency of Platform’s existing homes.
The programme is “ESG-enabled” meaning that Platform will be able to issue “sustainability” bonds, if and when they apply a sustainability financing framework.
The programme is also secured and “multi-currency” in nature, allowing Platform to issue in a range of denominations including sterling, euros and US dollars, should it choose.
Julian Barker (Picture – Banking & Capital Markets), Saghar Roya (Property) and Rachel Orgill-Harris (Banking & Capital Markets) acted for Platform on the transaction.
Law Firms: Devonshires Solicitors;
Clients: Platform Housing Group;