Photo of an SNG managed house.

SNG launches £1.5billion EMTN Programme

• 3 min read

We've launched a £1.5 billion Euro Medium Term Note (“EMTN”) programme.

Funding from the programme will be allocated in line with our Sustainable Finance Framework, to develop affordable housing across London and the South of England.

The programme demonstrates our commitment to developing 25,000 new homes over the next decade. In January 2024 SNG raised £400m in our first public bond issue since we were formed in 2023 following the merger of Network Homes and Sovereign Housing.

Peter Benz, SNG Chief Financial Officer, commented: “We're delighted to establish SNG's EMTN programme which will enable flexible access to capital markets. This is another exciting step to facilitate SNG's aspirational development programme.”