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Market leader Trowers & Hamlins secures over £1.3bn in bonds and private placements for housing asso

Market leader Trowers & Hamlins secures over £1.3bn in bonds and private placements for housing associations in 2013

Trowers & Hamlins' Banking and Finance team led the housing association funding market in 2013, securing £1.31 billion worth of bonds and private placements on behalf of its Registered Provider clients – by far the highest of any legal advisers.

According to Social Housing magazine's professionals' league table, published in March 2014, the value of Trowers & Hamlins-led transactions during 2013 was nearly three times higher than that of the next highest law firm during the same period. 

The firm advised on all of the market's £150 million-plus bonds and private placements during the last calendar year, including a £350 million funding for Peabody in December 2013, which was the largest single housing association transaction since January 2012. 

Already in 2014, the Banking and Finance team has advised on a £200 million bond issued by East Midlands Housing Group, and is leading on another £200 million bond for a major RP, which is expected to launch later this year. 

Trowers & Hamlins' Banking and Finance team, led by Adrian Carter, is made up of nine partners and eight lawyers.  For Social Housing Finance, the team is ranked in tier 1 of the independent legal directories Chambers UK and The Legal 500 UK.  The firm acts for more than 250 Registered Providers, including One Housing Group, The Guinness Partnership, Aster Group, Poplar HARCA, Severn Vale, and Origin Housing.