Investors

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

We welcome approaches from new investors.

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

Credit rating

Credit rating agency Standard & Poor’s (S&P) has reaffirmed bpha’s long-term issuer credit rating of A+, Outlook stable.

S&P also reaffirmed at A+ the senior secured debt rating on bpha’s outstanding bond issued by bpha Finance plc.

S&P have commented in their rating that:

  • A strong performance was recorded in 2017 as a result of efficiency gains and strong demand in the regions where bpha operates
  • Adjusted EBITDA margin is expected to average 47% for 2016-20, this margin being among the highest in the sector
  • bpha benefits from very strong liquidity, with high coverage of 2.1x, very strong financial policies, and rigorous long-term planning
  • bpha is somewhat less exposed than other housing associations to welfare reforms
  • Efforts over the past years to reduce its exposure to derivatives is credit positive

A copy of the 2017 report is available for download.

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)

Investor update

bpha has published its latest Investor Update, which you can download and view below.

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.

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

News

bpha has appointed Jeff Astle as their new Executive Director of Development and Sales. Download the press release.

Credit rating agency Standard & Poor’s (S&P) has reaffirmed bpha’s long-term issuer credit rating of A+, Outlook stable. Download the full press release.

bpha announces that the Chair, Robert Burgin, is set to retire at the end of his term of office.
Download the press release.

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.

Investor questions

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

Copyright © 2018 bpha Limited. All rights reserved. Bedford Heights, Manton Lane, Bedford, MK41 7BJ.
Authorised and regulated by the Financial Conduct Authority

Last modified: January 5, 2018 at 1:15 pm