Opening the door to
public bond finance
Providing loans to the
UK social housing sector
Social Housing plc (“GBSH”) is a finance company with the sole purpose of providing loans to the UK social housing sector.
Welcome to GB Social Housing
The company is a loan aggregator and raises finance through capital markets notes issuance.
Note proceeds are on-lent to eligible UK social housing associations on a secured basis.
All GBSH loans include an initial set of financial covenants that comprise a minimum asset cover, minimum interest cover and maximum gearing covenant. Subject to GBSH credit approval, these covenants could vary across borrowers and borrowers may vary covenants within the agreed ranges (subject to Issuer consent) annually. If interest cover is reduced and/or gearing increased, additional asset cover will be required by GBSH.