Notting Hill gets £120m in textbook bond tap

27 Jul 2011

Notting Hill Housing Trust, the UK housing association, raised £120m by tapping its 2042 bond on Tuesday, in a rare recent example of a roadshowed corporate bond sale going entirely according to plan.

There have only been two investment grade issues in euros or sterling in the past fortnight — the snapshot deals from BMW and Deutsche Bahn on Friday. All other potential issuers have stayed away from a market that remains treacherous, as Autoroutes du Sud de la France and ...

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