Investors | Sovereign Housing

Sovereign is one of the largest housing associations in the country

Our strategy is to continue to grow, staying financially strong through good governance and performance management so we can invest more in the things that matter - building more homes and making better places.

To achieve our commercial and social goals, we need a diverse range of funding which is cost-effectively structured to provide the necessary investment funds and maintain liquidity. This includes an appropriate mix of bond and bank finance.

Our ratings and assessments

Following a self-referral to the Regulator of Social Housing and subsequent issue of a Regulatory notice in January 2022, our governance rating has been downgraded from G1 to G2. The Regulator has confirmed our existing V1 grade for viability. A rating of G2 is compliant and means that we meet the Regulator’s governance requirements but we need to improve some aspects of our governance arrangements to support continued compliance. Read our full response to the governance downgrade.

Regulator of Social Housing: G2 V1

Moody's: A2

Standard & Poor's: A+

Value for Money Statement

We produce a Value for Money statement annually, setting out how effectively and efficiently we use income generated through our operations and via external funding, including examining areas where we’re looking to make improvements to our performance.

The statement uses standard performance indicators to allow comparisons to be drawn between us and the rest of the sector. There are varying sizes and operational complexities within housing providers, so, to provide a clearer comparison we’ve chosen five other Housing Associations of a similar size and nature to benchmark ourselves against. Providing value for money is at the centre of everything Sovereign does, and is integral to our Corporate Plan.

Read the Value for Money Statement.

Our Environment Social Governance (ESG) report

To find out more about how we’re meeting our strong commitment to building sustainable homes and places, our desire to maintain strong, ethical governance structures; and the ways that we’re creating a supportive environment for our diverse employees and customers read our new ESG report.

Sustainable Finance Framework

We've finalised our Sustainable Finance Framework, the categories identified in the framework represent tangible and effective investment areas which are core to Sovereign's sustainability strategy and are the focus of our service delivery.

Our Second Party Opinion report has been provided by Sustainalytics and their opinion is that Sovereign's Sustainable Finance Framework is both credible and impactful.

Treasury communications

Annual report and latest quarterly statement

View our accounts and reports from previous years over on our Corporate publications page.

You can also read more about our operational and financial performance in our Quarterly Update.

Annual Funders' Day

We hold a Funders' Day in Q3 every year and in addition we hold an Investor Roadshow where current and potential investors can meet our Executive Board and hear about our performance and future strategy.

Public debt issuances

Sovereign Housing Capital plc, a wholly owned subsidiary of the Registered Provider (RP) Sovereign Housing Association Ltd has issued Medium Term Notes (MTN) as follows:

Date issued	Maturity Date	Issued Amount	Coupon	Interest paid	Date
2009	2039	£175m	5.705%	Semi-annual	10 September / 10 March
2012	2043	£250m	4.768%	Semi-annual	1 June / 1 December
2019	2048	£375m	2.375%	Semi-annual	4 May / 4 November

Investing in the things that matter