Coventry bond issue nets 350m

Coventry Building Society said yesterday that it had raised &pound;350m in a heavily-oversubscribed issue of 10-year bonds.<br /><br />Finance director Rob Green said: &ldquo;I am delighted that there was such demand for this bond &ndash; we actually had orders for &pound;600m in just two hours. It shows that investors recognise the strength of the Coventry's financial position and the quality of our lending.&rdquo;