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.
News from Winckworth Sherwood
News from The Lawyer
Briefings from Winckworth Sherwood
Yasmin Prest won her landmark divorce ruling when the Supreme Court ordered Mr Prest’s companies to transfer to her a number of properties as part of her lump-sum award.
The Court of Appeal has declined to introduce the detailed guidelines on awards for injury to feelings for discrimination into the DPA regime.