Retail bonds divide issuers: some love them, some stay well away

19 Jun 2011

The UK’s retail bond market took a step forward last week with the completion of a £140m deal for Places for People Homes – the first non-financial company to issue a retail bond using the London Stock Exchange’s new listing and trading facilities.

But many big companies and investment banks still believe retail issuance is too fraught with legal risks to be worthwhile.

The housing association is much smaller and less well-known than the big banks that have so far led the retail renaissance in sterling bonds. Since the LSE opened its ...

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