Investors
ClwydAlyn was formed in 1978 as a Registered Social Landlord. We now manage over 6,500 homes and employ around 850 staff, to deliver a range of housing management related services across North and Mid-Wales:
- Conwy
- Denbighshire
- Flintshire
- Gwynedd
- Isle of Anglesey
- Powys
- Wrexham
The homes and services include affordable family housing and single person accommodation, supported living accommodation and specialist care services, shared ownership, leasehold management services and intermediate rented housing.
ClwydAlyn comprises of 4 legal entities;
- ClwydAlyn, a Housing Association with charitable aims, a commercial company.
- TaiElwy a commercial company for delivery of non-charitable activities of scale (this company is currently dormant).
- TirTai Ltd which manages the new-build social housing programme.
- PenArian Housing Finance Ltd, through which ClwydAlyn accesses bond financing.
ClwydAlyn is much more than a social housing provider. We provide services to the most vulnerable people in North Wales. Services we provide include homeless shelters, domestic violence refuges, mental health support, supported living for those with drug and alcohol abuse problems, independent living for older people schemes and care homes for those that need greater support. During 2022 we were also commissioned by the Welsh Government to run a refugee centre for Ukrainians fleeing the Russian invasion.
We also have a significant impact on the wider community in North Wales through our support with initiatives such as WellFed, a local food production company, We Mind The Gap, a scheme that gives disadvantaged women the opportunity to get training and jobs, and our use of local materials and supply chains to build super low carbon homes.
RNS Update Feed
ClwydAlyn Housing Association Financial Statements are available through our website https://www.clwydalyn.co.uk/investors/ along with a Financial Update
The result is in line with our budget for the year.
£150,000,000 3.212 per cent. Secured Bonds due 2052 (the New Bonds) (to be consolidated and form a single series with the existing £250,000,000 3.212 per cent. Secured Bonds due 2052)
To view the full document, please paste the following URL into the address bar of your browser.
http://www.rns-pdf.londonstockexchange.com/rns/1910T_1-2022-7-20.pdf
A copy of the Prospectus has also been submitted to the National Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
PenArian Housing Finance Plc will immediately purchase the New Bonds on 22 July 2022 (as such the New Retained Bonds) and the New Retained Bonds will be held on the Issuer’s behalf until a future sale (whether in full or in part). Any sale of New Retained Bonds is subject to market conditions.
For further information, please contact:
Address: PenArian Housing Finance Plc
72 Ffordd William Morgan
St Asaph Business Park
St Asaph
Denbighshire
LL17 0JD
Telephone: 01745 536811
Email: paul.mcgrady@clwydalyn.co.uk
ClwydAlyn is pleased to announce it has issued £40m of retained bonds on the PenArian Housing Finance 3.212% 2052 issue for settlement on a deferred basis.
The transaction will provide it with part of the funding required to meet its obligations over the next two years under the planned development programme.
S&P Made the following comments
“We view ClwydAlyn’s liquidity position as strong”
“ClwydAlyn’s predictable revenue base will support the entity through COVID-19 related headwinds”
“We view ClwydAlyn’s management as having significant experience in the social housing sector, with a development strategy that is aligned to its capabilities.”
At the same time, S&P affirmed the ‘A’ issue rating on the £250 million bond issued by PenArian Housing Finance PLC’
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