Why Is The Church Of England Selling Bonds?

From the Department of Rendering to Caesar: The Church of England is raising funds through the sale of pound-denominated bonds in the global capital markets. What Happened: According to combined media reports , Moody’s Investors Service issued an Aa1 long-term issuer rating and Aa1 senior unsecured debt rating for the forthcoming debt issuances, which are being made through Church Commissioners for England (CCE), the charity that manages the church’s $12.1 billion investment portfolio. Moody’s explained its ratings were assigned as a result of the CCE’s “very strong financial profile with a lengthy track record of sound investment management, significant autonomy over its ... Full story available on Benzinga.com