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GC Asia
Guinness is good for you, say UK funds after freak Gilt binge
The Guinness Partnership, one of the oldest and largest of the UK housing associations, issued a £150m bond on Thursday, in the aftermath of one of the most turbulent days in the bond market for years.
“Guinness was the only bond issue in the European market today,” said Karan Shah, vice-president of syndicate in London at Barclays, lead manager of the deal with Royal Bank of Scotland. “It’s clearly a specialised offering, and a unique credit, that showed the market is open
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