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Published on 4/8/2024 in the Prospect News Green Finance Daily.

New Issue: Platform HG Financing prices £250 million 5.342% secured sustainability notes due 2050

By Wendy Van Sickle

Columbus, Ohio, April 8 – Platform HG Financing plc priced £250 million of 5.342% secured sustainability notes due April 10, 2050, according to a notice.

The notes priced at par.

Barclays Bank plc, Lloyds Bank Corporate Markets plc and National Australia Bank Ltd. led the sale.

Proceeds will be used in accordance with the company’s sustainable financing framework.

The issuer is based in the United Kingdom.

Issuer:Platform HG Financing plc
Borrower:Platform Housing Ltd.
Amount:£250 million
Issue:Secured sustainability notes
Maturity:April 10, 2050
Bookrunners:Barclays Bank plc, Lloyds Bank Corporate Markets plc and National Australia Bank Ltd.
Coupon:5.342%
Price:Par
Yield:5.342%
Pricing date:April 3
Settlement date:April 10
ISIN:XS2796522824

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