UK government guarantees first HA bond, but most issuers shrug

The Housing Finance Corp house for new website
By Kathleen Gallagher
15 May 2014

The Housing Finance Corp, a company that raises finance for smaller UK housing associations, is expected to become the first borrower to use a new government guarantee for social housing on a bond issue.

THFC will issue the bond through a new vehicle, Affordable Housing Finance. RBC Capital Markets and Royal Bank of Scotland are arranging a roadshow to UK investors for a sterling bond. Bankers away from the mandate predict that the deal will reach £200m-£300m, though this could not be ...

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