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Centrus advises on £0.75bn of Public Bond Issues since December 2014

The debut sterling bond market issue last week by Orbit Group of £200m took the tally of housing sector bond transactions on which Centrus has advised the issuers to £750m since December 2014. The Orbit deal came on the back of similar transactions for Riverside (£175m), Paragon (£225m) and Swan (£150m).

In each case, the bond issue was the culmination of or linked to amendments or renegotiations of existing bank funding arrangements and these deals also involved derivative restructurings. This underlines the breadth of specialist advice across derivatives, banking and debt capital markets within the Centrus team which has rapidly established itself as a leading advisor to the UK housing sector.

We are pleased to have supported each of these clients at each stage of their financing deals and would like to congratulate them on achieving successful outcomes which will support them in delivering their business objectives with greater flexibility.