Debut bond from CDFI draws heavy demand

social impact fotolia 230x150
By Max Adams
31 Jul 2019

An inaugural bond issuance from a community development financial institution (CDFI) was heavily bid by investors, with order books reaching 10 times the $100m on offer.

The Low Income Investment Fund (LIIF) announced the completion of the debut on Wednesday. The offering was split into a $25m seven year and $75m 10 year bond. S&P Global Ratings assigned an A- rating to the deal.

Morgan Stanley acted as lead manager, with JP Morgan ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.