Firm advises on significant retail bond issuance by LendInvest
10 Aug 2017
International law firm Simmons & Simmons has advised LendInvest Limited on the establishment of a £500m Euro Medium Term Note Programme for its subsidiary LendInvest Secured Income plc, and on the issuance of £50 million 5.25 per cent Notes due 2022. This is the first bond issuance by a member of the LendInvest group and is listed on the London Stock Exchange’s Order Book for Retail Bonds.
Capital markets partner and team lead on this project, Piers Summerfield, commented: “This is an important step in the development of LendInvest’s business and we are delighted to have been able to continue our ongoing relationship with LendInvest by advising on this important transaction.”
The Simmons & Simmons team also consisted of managing associates Tony Geffin and Leon Yap and trainees Lauren Dickinson and Surabhie Chadha. Regulatory advice was provided by financial services regulatory partner Penny Miller and supervising associate Louise Tudor-Edwards.