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Recent discosable transactions include:
BAE Systems Pension Funds Investment Management Limited
Advised BAE Systems Pension Funds Investment Management Limited as investment manager and agent of certain purchasers in connection with the issuance by The ExtraCare Charitable Trust of £15,000,000 of additional notes and the restatement of an existing note purchase agreement.
September 2020
LLOYDS BANK CORPORATE MARKETS PLC
Advised Lloyds Bank Corporate Markets plc as sole Bookrunner and Prudential Trustee Company Limited as Bond Trustee and Security Trustee in connection with the issue by RHP Finance PLC (an SPV set up by the Richmond Housing Partnership) of £100,000,000 bonds
September 2020
Joint Bookrunners
Advised Natwest Markets Plc, Lloyds Bank Corporate Markets plc and Barclays Bank PLC as Joint Bookrunners and Prudential Trustee Company Limited as Bond Trustee and Security Trustee in connection with the issue by Platform HG Financing plc of £350,000,000 bonds
August 2020
NATWEST MARKETS PLC
Advised Natwest Markets Plc as Sole Bookrunner and Prudential Trustee Company Limited as Bond Trustee and Security Trustee in connection with the issue by Housing 21 of £120,000,000 bonds
August 2020
Joint Bookrunners
Advised Barclays Bank PLC, HSBC Bank plc and NatWest Markets Plc as Joint Bookrunners and Prudential Trustee Company Limited as Bond Trustee and Security Trustee in connection with the issue by Hyde Housing Association Limited of £400,000,000 bonds
August 2020
Aviva Life & Pensions UK Limited
Advised Aviva Life & Pensions UK Limited as purchaser in connection with the issuance by Settle Group of £75,000,000 notes
July 2020
AVIVA LIFE & PENSIONS UK LIMITED
Advised Aviva Life & Pensions UK Limited as purchaser in connection with the issuance by Coastal Housing Group of £60,000,000 notes
July 2020
Pension Insurance Corporation PLC
Advised Pension Insurance Corporation as Purchaser in relation to the issue of £50,000,000 Series C Notes by EMH Housing and Regeneration Limited
July 2020
Multiple Clients
Advised Rothesay Life Plc, Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company as Purchasers in relation to £95,000,000 notes issued by Community Gateway Association Limited
July 2020
Joint Bookrunners
Advised Barclays Bank PLC and NatWest Markets Plc as Joint Bookrunners and Prudential Trustee Company Limited as Bond Trustee and Security Trustee in connection with the issue by Catalyst Housing Limited of £150,000,000 bonds
June 2020
NATWEST MARKETS PLC
Advised NatWest Markets Plc as Placing Agent in connection with the sale by Futures Treasury Plc of £50,000,000 initially retained bonds (having worked on the original £200,000,000 bond issuance in February 2019).
June 2020
LLOYDS BANK CORPORATE MARKETS PLC
Advised Lloyds Bank Corporate Markets PLC as Placing Agent in connection with the sale by Karbon Homes Limited of £100,000,000 initially retained bonds (having worked on the original £250,000,000 bond issuance in November 2018).
June 2020
Legal & General Assurance Society Limited
Advised Legal & General Assurance Society Limited as Purchaser in connection with the issue by Bromford Housing Group Limited of £100,000,000 Series A Notes
June 2020
Pension Insurance Corporation PLC
Advised Pension Insurance Corporation as Purchaser in relation to the issue of £75,000,000 Notes by Trident Housing Association Limited
June 2020
LLOYDS BANK CORPORATE MARKETS PLC
Advised Lloyds Bank Corporate Markets PLC as Placing Agent in connection with the sale by Karbon Homes Limited of £100,000,000 initially retained bonds (having worked on the original £250,000,000 bond issuance in November 2018)
June 2020
Aberdeen Standard Investments Limited
Advised Aberdeen Standard Investments Limited as Purchaser in connection with the sale of £35,000,000 retained bonds issued by Boston Mayflower Finance PLC
June 2020
NATWEST MARKETS PLC
Advised NatWest Markets Plc as Placing Agent in connection with the sale by Futures Treasury Plc of £50,000,000 initially retained bonds (having worked on the original £200,000,000 bond issuance in February 2019).
June 2020
Multiple Clients
Advised NatWest Markets plc as Sole Solicitation Agent and Prudential Trustee Company Limited as Bond Trustee in connection with the consent solicitation pursuant to which LiveWest Treasury plc was substituted as Issuer and other amendments to the terms and conditions of the bonds
May 2020
Prudential Trustee Company Limited
Advised Prudential Trustee Company Limited in connection with the transfer of £100,000,000 retained bonds from Home Group Limited to Natwest Markets Plc
May 2020
MULTIPLE CLIENTS
Advised both investors as Purchasers in relation to £120,000,000 notes issued by Your Housing Group under two separate note purchase agreements.
May 2020
Northumbria Healthcare NHS Foundation Trust
Advised the issuer in relation to the issuance of £50,000,000 privately placed Notes
May 2020
Barclays Bank PLC
Advised Barclays Bank PLC as Dealer in a tap issue by GB Social Housing plc of £13,900,000 notes
May 2020
Barclays Bank PLC
Advised Barclays Bank PLC as Sole Bookrunner in connection with the issue of £100,000,000 Secured Bonds by Together Finance Housing plc
May 2020
Pension Insurance Corporation PLC
Advised Pension Insurance Corporation as Purchaser in connection with the issuance of £55,000,000 Notes issued by Castles & Coasts Housing Association Limited
April 2020
Joint Bookrunners
Advised Barclays Bank PLC, HSBC Bank plc and Lloyds Bank Corporate Markets plc as Joint Bookrunners in connection with the issue by Sanctuary Capital PLC of £350,000,000 bonds
April 2020
LONDON & QUADRANT HOUSING TRUST
Advised London & Quadrant Housing Trust on £250,000,000 2.6% secured bonds (due 2028) and on £250,000,000 3.125% secured Bonds (due 2053).
April 2020
Joint Bookrunners
Advised BNP Paribas and HSBC Bank plc as Joint Bookrunners in connection with the issue by Optivo Finance plc of £25,000,000 bonds
April 2020
M&G INVESTMENT MANAGEMENT LIMITED
Advised M&G Investment Management Limited as structuring agent in connection with the purchase, by several purchasers, of £114,000,000 of notes (initially unsecured for up to six months) issued by Dumfries and Galloway Housing Partnership Limited ("DGHP"). The financing was part of a wider restructure with DGHP becoming part of the Wheatley Housing Group. Prior to DGHP joining the Wheatley Housing Group, DGHP and Wheatley were Scotland's two biggest social landlords.
March 2020
Aberdeen Standard Investments Limited
Advised Aberdeen Standard Investments Limited as Purchaser in relation to the issue by The Mayor and Burgesses of the London Borough of Brent of £80,000,000 notes
March 2020
Rothesay Life PLC
Advised Rothesay Life plc as Purchaser in connection with the issue by Bromford Housing Group Limited of £50,000,000 bonds listed on the Official List
March 2020
Pension Insurance Corporation PLC
Advised Pension Insurance Corporation as Purchaser in relation to £10,000,000 privately placed Series B Notes issued by Greatwell Homes Limited (previously Wellingborough Homes Limited) under a Note Purchase Agreement dated March 2019
March 2020
Rothesay Life PLC
Advised Rothesay Life Plc as Purchaser in connection with the purchase of £25,000,000 retained bonds issued by PenArian Housing Finance Plc
February 2020
Rothesay Life & Pension Insurance Corporation PLC
Advised Rothesay Life Plc and Pension Insurance Corporation plc as Purchasers in connection with the issue by Notting Hill Genesis
January 2020
BARCLAYS BANK PLC
Advised Barclays Bank PLC as sole Lead Manager in connection with the issue by Citizen Treasury Plc of £100,000,000 bonds
January 2020
Rothesay Life PLC
Advised Rothesay Life plc as Purchaser in connection with the purchase of £100,000,000 retained bonds issued by The Guinness Partnership Limited
January 2020
MetLife Investments LTD
Advised MetLife Investments Ltd as Purchaser in relation to the Series B Closing under the Note Purchase Agreement dated 6 December 2018
December 2019
Sun Life Assurance Company of Canada
Advised Rothesay Sun Life Assurance Company of Canada as Purchaser in relation to the £20,000,000 Series C Note issued by Linc-Cymru Housing Association Limited pursuant to a Note Purchase Agreement dated 16 November 2018
December 2019
Joint Bookrunners
Advised Rothesay Life Plc and BAE Systems Pension Funds Investment Management Limited as Purchasers in connection with the £75,000,000 Notes issued by Adra (Tai) Cyfyngedig
December 2019
Macquarie Bank Limited
Advised Macquarie Bank International Limited as investor in relation to the issue by London Borough of Redbridge of £63,839,000 Notes
November 2019
RBC Europe Limited
Advised RBC Europe Limited as Sole Lead Manager in connection with the issue by Sanctuary Housing PLC of £75,000,000 Secured Bonds
November 2019
Multiple Clients
Advised Lloyds Bank Corporate Markets plc as Sole Lead Manager and Prudential Trustee Company Limited as Bond Trustee and Security Trustee in connection with the issue by London & Quadrant Housing Trust of £84,800,000 bonds listed on the Official List of the FCA and admitted to trading on the London Stock Exchange's regulated market
October 2019
Joint Bookrunners
Advised Banco Santander, Lloyds Bank Corporate Markets and NatWest Markets as Joint Bookrunners and Prudential Trustee Company Limited as Bond Trustee and Security Trustee in connection with the issue by The Wrekin Housing Group Limited of £250,000,000 bonds, listed on the Official List of the FCA and admitted to trading on the London Stock Exchange's regulated market
October 2019
BAE Systems Pension Funds Investment Management Limited
Advised BAE Systems Pension Funds Investment Management Limited as investment manager and agent of certain purchasers in connection with the issuance by Housing Plus Group Finance Limited of £45,000,000 of guaranteed notes to refinance and restructure an existing agreement.
October 2019
Assura Financing PLC
Advised Assura Financing PLC as issuer in connection with the issue of £60,000,000 notes pursuant to a note purchase and private shelf agreement dated 30 September 2016
October 2019
NatWest Markets Plc
Advised NatWest Markets Plc as bookrunner in respect of the issue by One Manchester Treasury Limited of £75,000,000 of secured guaranteed notes pursuant to a private placement.
October 2019
Joint Bookrunners
Advised Santander UK plc and NatWest Markets Plc as joint bookrunners and Prudential Trustee Company Limited as bond trustee and security trustee in respect of a secured bond issue by Futures Treasury Plc (anticipated to be £200,000,000).
October 2019
Barclays Bank PLC
Advised Barclays Bank PLC as dealer in a tap issue by GBSH
October 2019
Rothesay Life PLC
Advised Rothesay Life as Purchaser plc in connection with the purchase of £28,000,000 retained bonds issued by Stonewater Funding plc
September 2019
Rothesay Life PLC
Advised Rothesay Life as Purchaser plc in connection with the purchase of £35,000,000 retained bonds issued by RHP Finance PLC
September 2019
Pension Insurance Corporation PLC
Advised Pension Insurance Corporation plc as Purchasers in relation to the issuance of £25,000,000 Series A Notes issued by EMH Housing and Regeneration Limited pursuant to a Master Note Purchase Agreement dated 9 July 2019
July 2019
Pension Insurance Corporation PLC
Advised Pension Insurance Corporation plc as Purchaser in relation to the issuance of £20,000,000 notes issued by Halton Housing
June 2019
Barclays Bank PLC
Advised Barclays Bank as Dealer in a tap issue by GBSH
June 2019
BAE Systems Pension Funds Investment Management Limited
Advised BAE Systems Pension Funds Investment Management Limited as investment manager and agent of certain purchasers in connection with the issuance by The Honourable Society of the Inner Temple of £20,000,000 of notes.
June 2019
University of Greenwich
Advised University of Greenwich as Issuer of £30,000,000 secured bonds in relation to a consent solicitation regarding substitution of security
May 2019
BARCLAYS BANK PLC
Advised Barclays Bank PLC as Placement Agent in connection with the sale by Southern Housing Group Limited of £100,000,000 initially retained bonds (having worked on the original £300,000,000 bond issuance in October 2018)
May 2019
Sun Life Assurance Company of Canada
Advised Sun Life Assurance Company of Canada as Purchaser in relation to the £20,000,000 Series B Note issued by Linc-Cymru Housing Association Limited pursuant to a Note Purchase Agreement dated 16 November 2018
April 2019
BPHA FINANCE LPC AND BPHA LIMITED
Advised bpha Finance plc and bpha Limited on £150,000,000 4.816 % secured bonds due 2044 (to be consolidated with its existing issuance of £200,000,000 4.816% secured bonds (due 2044)).
April 2019
Barclays Bank PLC
Advised Barclays Bank PLC as dealer in the update of GBSH's programme and Series 2 issuance
March 2019
PENSION INSURANCE CORPORATION
Advised Pension Insurance Corporation as purchaser in connection with the issuance by Livin Housing of £65,000,000 notes
March 2019
Pension Insurance Corporation PLC
Advised Pension Insurance Corporation as Purchaser in relation to £10,000,000 privately placed Series A Notes issued by Wellingborough Homes Limited
March 2019
Massachusetts Mutual Life Insurance Company
Advised Massachusetts Life Insurance Company in its capacity as Purchaser in relation to the £10,000,000 Second Secured Notes issued by MORhomes PLC
February 2019
MetLife Investments LTD
Advised MetLife Investments Ltd as Purchaser in relation to the issuance of £85,000,000 Notes issued by Nottingham Community Housing Association Limited pursuant to a Note Purchase Agreement
December 2018
Blackpool Investment Management (UK) Limited
Advised in relation to the issuance by Wheatley Funding No.1 Limited of £50,000,000 Notes
November 2018
Massachusetts Mutual Life Insurance Company
Advising the purchaser in relation to the private placement of £60,000,000 Notes by the Cambridge Housing Society Limited
November 2018
Barclays Bank PLC
Advised Barclays Bank as dealer in a tap issue by GBSH
November 2018
Multiple Clients
Advised Sun Life Assurance Company of Canada and M&G Investment as Purchasers in connection with the issuance by Linc-Cynru Housing Association Limited of £75,000,000 Notes
November 2018
Standard Life Investments Limited
Advised the Original Holders in connection with the issuance by Greenham Trust Limited of £25,000,000 Notes
November 2018
Legal & General Investment Management Limited
Acted for Legal & General Investment Management Limited as investment manager for the purchasers of £50,000,000 Notes issued by Raven Housing Trust Limited
September 2018
BAE Systems Pension Funds Investment Management Limited
Advised BAE Systems Pension Funds Investment Management Limited as purchasers in relation to an issuance of Series B Notes by South Staffordshire Housing Association Limited
July 2018