International law firm Trowers & Hamlins has advised The Housing Finance Corporation Limited (THFC) on its recent bond issue.
The firm acted for THFC on all aspects of the transaction, which involved issue of £168 million bonds (half of which were retained bonds) with some of the funds being on-lent to two registered providers with the remainder to be on-lent to other Registered Providers at a future date.
This was the first new bond issue for THFC since 2013.
Partner Naomi Roper commented:
"We were delighted to have worked on this deal, which is particularly notable as this series of bonds is now the largest bond in the social housing sector. It was particularly rewarding to be able to incorporate expertise from different parts of the business, and we look forward to working on future issues at this exciting time for THFC."
The Trowers team was led by Naomi Roper and Ian Dobinson assisted by Dale Moulden. Property aspects were dealt with by Katie Dyer and Yvonne Mao.