Unsecured bank revolving credit facilities provide full flexibility of drawing and repayment at short notice without additional cost, providing valuable operational support.
Description | Amount | Maturity | Basis |
Syndicated revolving credit facility 1 | £730m | FY 31 | Sonia + margin |
Syndicated revolving credit facility 2 | £450m | FY 27 | Sonia + margin |
8 Bilateral revolving credit facilities | £1,075m | FY 28-38 | Sonia + margin |
5 Term loans | £500m | FY 31 | Sonia + margin |
All of the bank facilities are subject to our unsecured covenants
£2.1bn of the Group’s revolving credit facilities and term loans are sustainably linked and include two KPIs referring to developments and assets under management, aligned with our Sustainability Strategy.
There is provision for an adjustment to the interest margin payable, based on our performance relative to these KPIs, which are published in our Sustainability Progress Report.