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Trowers & Hamlins advises on multiple bond issues and private placements

Trowers & Hamlins advises on multiple bond issues and private placements

Fundraising through the capital markets continues to be an attractive option for RPs, with Trowers & Hamlins' Banking and Finance team closing six capital markets issues in December 2013.

The team closed publicly listed bond issues for amounts ranging between £150-350m (with some issues containing a retained element) for Chelmer Housing Partnership, Aster Communities/Synergy Housing, Aragon Housing Association and the Peabody Trust.

Some RPs opted for a private issue of debt, with Origin Housing undertaking a £50m US only placement arranged by Deutsche Bank and Lloyds Bank arranging a single investor £35m debut private placement for Severn Vale Housing Society.  Trowers and Hamlins' Property Charging team advised Origin, Severn Vale, Aster and Peabody on the provision of security.