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 Morgan Stanley 1,381.20 11 6.82%

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5 ING 1,477.05 5 5.96%