THFC sells £186m tap of No 3 bond, its biggest yet

The Housing Finance Corp, the conduit for UK housing association bond issuance, prevented there being a third day running without corporate bond issuance in Europe, by pricing a £186m tap of its THFC Funding No 3 bond on Friday.

  • By Nigel Owen
  • 28 Jul 2017

The 5.2% October 2043/2045 line is already the already largest bond in the social housing sector, and has now grown to £811.3m.

It was the sixth tap of the deal, but the first since 2013. The issue started as a £100m trade in October 2011, before taps of between ...

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5 Barclays 98,747.37 444 4.34%

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4 SG Corporate & Investment Banking 19,387.37 101 5.97%
5 HSBC 18,800.79 89 5.79%

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5 BNP Paribas 5,158.30 56 5.45%

Bookrunners of Dollar Denominated HY Bonds

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4 Goldman Sachs 23,500.21 166 7.54%
5 Barclays 20,380.66 139 6.54%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 26,467.48 131 6.34%
2 Deutsche Bank 26,020.82 93 6.23%
3 Barclays 25,912.14 118 6.21%
4 HSBC 25,614.26 122 6.14%
5 Citi 22,829.99 98 5.47%