Macfarlanes advises Regional REIT on £50m bond issuance

07 August 2018

Macfarlanes has advised main market listed commercial property fund Regional REIT on its issuance of £50m of bonds with a fixed interest rate of 4.5 per cent per annum and maturity date of 2024.

The bonds will be admitted to the London Stock Exchange for trading on its regulated market and through its electronic Order book for Retail Bonds.

Regional REIT has issued the bonds in order to refinance certain external group debt facilities, diversify the group's funding sources and to spread the maturity profile of the group's debt.

The Macfarlanes team for this matter was led by finance partner Richard Fletcher with assistance from solicitor Ryan Moore as well as tax partner Jeremy Moncrieff and tax solicitor Robert Clarke.