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Financial announcements

2020 |2019 | 2018 | 2017 | 2016

This page contains links to our major financial news announcements. For more, visit our corporate news page.

2020

6 August - Hyde issues 35 year £400m bond

We announce the issuance of a long-term £400m bond, which includes a £50m retained element, at a coupon of 1.75%. 

31 July - Our financial results 2019/20

We announce another solid performance in the year ending 31 March 2020.

29 April - Hyde launches new 30-year strategic plan: A great home for everyone

Our 2050 strategic plan details how we will meet our ambitious to help those who need an affordable home.

20 January - Hyde completes syndicate loan with Wells Fargo

We sign a new £50m loan with Wells Fargo Bank  N.A. London Branch (“Wells Fargo”), further enhancing its fully-funded five-year development plan.

2019

10 December - Welcome to our new Chief Financial and Resources Officer

Rod Holdsworth joins our Executive Leadership Team. 

29 July - Solid performance delivered for 2018/19

Our financial and operational performance results demonstrate our focus on being able to withstand severe shocks to the housing sector, including a no-deal Brexit.

8 July - Peter Denton named Hyde Group Chief Executive

Group Finance Director Peter Denton will take over as our new Chief Executive, following Elaine Bailey’s retirement later this year.

21 March - Peter Denton named finance director of the year 2019

We are thrilled to announce that Peter Denton has been named Finance Director of the Year at the Housing Finance Awards. 

15 March - Hyde receives A+ rating from Fitch Ratings

We are pleased to announce that Fitch Ratings, one of the big three credit rating agencies, has rated us an A+ with a stable outlook.

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2018 

19 September - Financial results announced

We announce financial results and operational performance for the 12 months to 31 March 2018.

12 March - Stock Rationalisation

We have exchanged contracts with Southern Housing Group on a £45m stock transfer. The transfer is part of a successful stock rationalisation programme.

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2017

17 November - £750m refinancing completion

We completed the final phase of our current finance strategy. Our parent entity undertook a £760m corporate refinancing involving five banks, which gives it a modern and flexible financial framework.

4 October  - Our strong financial results for 2016/17

We had an impressive year with an underlying surplus of £98.4m, an increase of £2.7m on the previous period.

27 April - Launch of innovative new benchmark housing association bond

We have made history by issuing an oversubscribed bond for £400m.

11 April -  Rochester Riverside regeneration

Countryside, the Hyde Group, Medway Council and the HCA (Home and Communities Agency, now Homes England) announced a £400m development agreement to regenerate Rochester Riverside in Kent.

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2016

6 December - £150m development marks our first partnership with Hill

Our first joint venture with Hill, the award-winning top 15 UK house builder, will create 287 new homes in North West London.

31 March - Hyde retains top ratings from the HCA

We were awarded the highest ratings for financial viability and governance by regulator the Homes and Communities Agency (now Homes England).

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