Investors

Our investors are key to achieving our goal of creating places where everyone feels proud to live.

We welcome approaches from new investors. Please contact Paul Gray, details below.

bpha Finance PLC: Financial results for the year ended 31 March 2017

bpha Group has released its financial statements for the year ended 31 March 2017 reporting a pre-tax surplus of £29.0m (2016: £17.8m), which is the strongest performance in the association’s history.

Read the full article.

(updated 25 August 2017)

Investors update

bpha has just published their latest Investors update, which you can download and view below.

Bond issue

bpha launched its debut £200 million bond issue into the debt capital markets on 28 March 2014 with a coupon of 4.816 per cent. £140 million of bonds were issued initially for settlement on 11 April 2014 with the remaining £60m retained by bpha for future sale. The retained bonds were sold between September 2014 and February 2015 at all-in rates of between 3.498% and 4.286%.

A copy of the Prospectus is available for download

Credit rating

As at 31st March 2016 bpha held a credit rating of AA- (Stable) from Standard & Poor’s (S&P), this being the same as our debut rating published in September 2013, and subsequent rating reviews thereafter. This rating was based upon our stand-alone credit profile (SACP) of A+, which was then uplifted by one notch to reflect the likelihood of receiving extraordinary government support.

Following the results of the UK’s European Union referendum held on 23 June 2016 and the decision to exit the EU, the UK lost its AAA status and S&P removed the one notch uplift previously widely applied to the sector. Accordingly on 4th July 2016, bpha was one of many associations whose rating was lowered, in our case to our SACP which remained unchanged at A+. This credit rating was re-affirmed by S&P in late July 2016 as part of their annual review process, with the highlights of this report being as follows:

  • very strong enterprise profile from strong economic fundamentals and excellent asset quality
  • strategy and management are assessed as very strong
  • a rating that reflects bpha’s very strong internal liquidity
  • risk management standards that are comprehensive following the reduction in exposure to stand-alone derivatives

A copy of the 2016 report is available for download.

Value for Money Self Assessment

bpha’s 2016/17 Value for Money Self Assessment is available for download.

bpha’s 2015/16 Value for Money Self Assessment is available for download.

bpha’s 2014/15 Value for Money Self Assessment is available for download.

bpha’s 2013/14 Value for Money Self Assessment is available for download.

Governance

Our Board is responsible for governing bpha. Its central role is to direct our work, determining strategic direction and policies in an effective and accountable way.

News

bpha has announced it has appointed Paul High as a new Non-Executive Director to its Board. Download the full press release.

bpha has announced it has appointed a new Non-Executive Director to its Board. Download the full press release.

bpha announces a £75 million social housing deal with Mitsubishi UFG Financial Group’s (MUFG) baking arm. Download the full press release.

bpha announces 2015/16 financial results

bpha has announced that it has appointed a new Head of Treasury.
Download the full release below.

bpha announced that it has secured £80m of new funding which will support the development of over 850 new social housing and shared ownership homes within the Oxford to Cambridge arc. A full press release is available for download.

bpha published its latest Investor Update for Quarter 3, 2015.
A copy of the document is available for download.

bpha had its AA-(Stable) credit rating from Standard & Poor’s reaffirmed in July 2015. A full press release is available for download.

bpha has released 2014/2015 financial statements and its latest Value for Money self assessment. A full press release is available for download.

bpha has appointed two new Non-Executive Board Members. A full press release is available for download.

The latest Homes and Community Agency Regulatory Judgement was released in February 2015 which includes an improvement in bpha‘s Governance Rating to G1 being the highest possible level. It also restated bpha’s highest possible Viability Rating of V1.

bpha has released 2013/2014 financial statements and has had its AA-(Stable) credit rating from Standard & Poor’s reaffirmed. A full press release is available for download.

Investor questions

For any questions, please contact:
Paul Gray
Chief Financial Officer
Telephone 01234 221201
Email Paul Gray.

Copyright © 2017 bpha Limited. All rights reserved. Bedford Heights, Manton Lane, Bedford, MK41 7BJ.
Authorised and regulated by the Financial Conduct Authority

Last modified: August 29, 2017 at 9:30 am