Tagged Articles
Genesis HG: asset sales used to fund interest payments and £21m impairment
Landlord benefited from £23m asset sales surplus and £5.6m surplus on sale of joint ventures with Grainger read more
Genesis HG members PCHA & Springboard
Very poor performance across range of tenant satisfaction indicators, as well as high figures for vacant rentals and average re-let times read more
Genesis HG issues £250m bond in speedy deal
Kate Allen, Social Housing magazine
Genesis HG has successfully issued a £250 million, 30-year bond priced at 170 basis points above the gilt. The issue, priced at 6.064 per cent, was over-subscribed. The deal ... read more
Genesis quits £20m L&Q on-lending facility
Genesis HG is not renewing its £20 million, six-month emergency facility with London & Quadrant HG read more
Genesis sells Grainger JV share
Genesis HG has sold its 50 per cent share in the Geninvest joint venture to its JV partner Grainger read more
Fitch rating aids speedy £250m Genesis bond issue
Genesis HG has successfully issued a £250m, 30-year bond priced at 170 basis points above the gilt read more
Genesis wins A1 Moody's rating
Genesis HG has been awarded an 'A1 - stable' rating by Moody's. The rating incorporates Moody's assumption of a high likelihood of support from the UK government if Genesis ... read more
Genesis snaps up £20m L&Q offer
London & Quadrant HG has provided a £20 million emergency facility to Genesis HG for six months at a rate of interest which 'reflects the going market rate', said Waqar ... read more
Genesis is back in the black with £18m pre-tax surplus despite £5.9m impairment
Income rose considerably faster than costs, while bond issuance reduced loan drawdowns read more
Genesis sees governance and viability ratings downgraded after audit concerns
ALSO: Carr-Gomm inspection rating downgraded by TSA over financial viability concerns; governance action also needed read more
Genesis loses £1.4m after £76m HCA bail-out and £34m drop in joint venture values
Turbulent year sees developing RSL book £6.9m impairment and £4.9m JV loss read more
