PIC moves into social housing debt with £50m investment

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Pension Insurance Corporation has invested £50m in Raglan Housing Association as part of a strategy to increase its holdings of housing association and infrastructure debt.

The insurer is the sole buyer of a bond issue by not-for-profit group, which owns and manages 12,320 homes across the South East, South West, Midlands and East of England. PIC said the investmen...

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