THFC’s tap swells biggest UK housing association bond

12 Apr 2013

The Housing Finance Corp, which issues bonds on behalf of a group of smaller UK housing associations, raised £78.7m, plus £2m of retained bonds, with a tap on Monday that found keen demand.

The 30.5 year issue, led by RBC Capital Markets and Royal Bank of Scotland, followed a roadshow that finished on March 27.

Market tone had not delayed the issue, a banker at one of the leads said. "There have been some wobbles in the last couple of weeks ...

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