For investors and partners
In a statement made at the end of January 2024, Standard & Poor’s Global Rating (‘S&P’) announced that emh’s credit rating is ‘A’ with a 'Stable Outlook’.
For investors and partners
Emh group started its life as a traditional housing association in 1946. Since then we've established it as one of the leading providers of affordable housing in the East Midlands.
The group describes itself as profit for purpose, signifying our commitment to demonstrating an increasingly commercial mindset to our activities, with a focus on efficiency, value for money and sweating our assets to deliver our social purpose.
At a glance
*interest cover includes major repairs and asset disposals. In 2023, this excludes interest rate break costs of £3.4m.
Emh group is comprised of emh homes, emh care & support, Midlands Rural Housing, and emh sales - a specialist homes sales agency.
Latest news
Emh Housing and Regeneration Limited under the Affordable Homes Guarantee Scheme borrowed £74.5m funded from the issuance of new bonds. The sale of the bonds, which are guaranteed by the UK Government, achieved an attractive spread of 48 basis points over Gilts, providing an all-in cost of around 4.5%.
Geoff Clarke, Executive Director of Finance at emh group, commented: “This 10-year loan complements our existing debt portfolio with a competitive interest rate of just above 4.5%. We welcome the positive partnership with ARA Venn to provide this finance. Their support will enable us to continue to develop sustainable properties that enrich lives and contribute to vibrant neighbourhoods."
