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Paragon launches retail bond

Specialist lender Paragon Group (PAG) has hit the road with a retail bond aimed at investors who want an indirect way of accessing the UK's buoyant buy-to-let housing market. The lender, which both securitises the lending its makes, as well as managing portfolios for third parties, is looking to add directly to its corporate cash pile by issuing a senior unsecured bond that will pay a relatively generous annual coupon of 6 per cent and which matures in Dec 2020.

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By Julian Hofmann,
14 February 2013

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