Trowers & Hamlins has advised Orbit Group on the sector’s largest single-tranche own-name bond issue


Share

International law firm Trowers & Hamlins has advised Orbit Group on their recent £450 million bond issue, which is understood to be the affordable housing sector's largest single-tranche own-name bond issue. This followed a successful roadshow and strong interest from investors.

Trowers previously acted for the Group on its inaugural £250 million bond issue in March 2015.

Partner Eleanor James commented:

"We are delighted to have worked with Orbit on this deal, which is particularly notable as the largest single-tranche own-name bond issue in the social housing sector. Orbit plan to use the funds to simplify their treasury portfolio and maintain their housing development programme. It has been a pleasure to act for Orbit and we look forward to working with them again in the future".

The Trowers team was headed up by Eleanor James who was assisted by Abigail Sowden and Robyn Asbury.

Insight

First remediation contribution order made by First-tier Tribunal

Explore
Insight

Webinar: Energy Crisis – how can residential landlords navigate the energy market?

Explore
News

Trowers advises VIVID on sector-leading Barclays funding

Explore
News

Trowers advises Man Group on £50m of development and investment facilities from HSBC UK

Explore
Insight

Procurement in Profile – December 2022

Explore
Insight

Trowers' property litigation weekly update

Explore