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 facility1

£730m

FY 30

Sonia + margin

Syndicated revolving credit facility2

£450m

FY 27

Sonia + margin

9 Bilateral revolving credit facilities

£1,075m

FY 26-38

Sonia + margin

5 Term loans

£475m

FY 29-30

Sonia + margin

All of the bank facilities are subject to our unsecured covenants

£2.2bn 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.