Winckworth Sherwood

UK 200 2013 position: 94

Winckworth Sherwood advises B3Living on listed secured bond issue

Winckworth Sherwood has advised B3Living on its recently completed £68million listed secured bond issue.

B3Living, formerly Broxbourne Housing Association, manages 4,334 houses in Hertfordshire’s Lee Valley. 

The secured bond issue will provide additional funds to finance the development of much needed homes for low-income families and key workers.

The secured bond has a maturity of 25 years and was priced, following a competitive bidding process, at an attractive coupon of 4.823 per cent. It was taken by a single investor. 

Winckworth Sherwood’s Banking and Finance team was the sole legal adviser to B3Living with Santander appointed as arranger.

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Minerva House
5 Montague Close
London
SE1 9BB
UK
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Total Lawyers: 125