I head up our funding team, working closely with my fellow-partner Jon Coane. I lead teams of advisors, from various disciplines on complex funding and finance-related projects including bonds, private placements, revolving credit facilities and joint ventures, as well as securitisation and charging of assets.
I am a recognised leader in my field of social housing finance (Chambers & Partners) and my corporate background at one of the largest law firms in the country adds valuable perspective to my work. I act for housing associations and not-for-profit businesses looking to grow, diversify, merge and raise money from banks, institutional funders, local authorities and the capital markets, where I work closely with treasury and finance advisers across the housing and third sectors.
Introduction This article looks at some of the main issues in relation to the issue of bonds whether by way of a public own name bond issue or privately placed bonds.
This was a complex transaction involving the restructure of KHT’s existing loan facilities and included a £90m US private placement and secures funding for KHT’s future affordable housing development programme.
Whilst the accuracy of Wikipedia can sometimes be questioned, the above statement is quite accurate when considered alongside the Regulator’s requirements in the new Regulatory Framework in relation to stress testing.
We have now completed our first publicly listed bond deal worth £250m on behalf of Walsall Housing Group. The monies raised by Walsall Housing Group will be used to finance the development of an extra 2,000 affordable new homes over 5 years.
It had been dubbed as a possible test case for how the English courts would determine the liability of the banks for interest rate swap mis-selling and Libor manipulation, after Barclays was previously fined £290 million for rigging the rate at which banks exchange money in a separate case.
To receive invitations to our events, as well as information and articles on legal issues and sector developments that are of interest to you, please sign up to Newsroom.
