Five friends are enough to get THFC its lowest yield so far

20 Jan 2012

The Housing Finance Corp, the UK organisation that lends to housing associations, tapped its THFC Funding No 3 deal on Wednesday, in a £131m 31 year deal that brings the bond to the brink of benchmark size.

RBC Capital Markets and Royal Bank of Scotland found good demand for the bond, even though a banker working on the deal said it had been tricky to pull together. Housing association issuers and investors tend to have divergent views on where the social housing organisations’ bonds should ...

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