Carey Olsen, working alongside UK legal advisers Allen & Overy LLP, acted as Jersey legal counsel to the States of Jersey. The Government of Jersey has successfully priced a £500 million, 30 year bond at a coupon of 2.875%, which will be applied to general government purposes, specifically the refinancing of Jersey’s public sector past service pension liabilities.
HSBC was Joint Active Bookrunner on the transaction and also acted as Documentation Bank.
The Carey Olsen team was led by partners Kate Andrews (Picture) and Simon Marks, with support from senior associates Ashley Morrison and Rebecca McQuillan and associate Lucy Robbins.
Involved fees earner: Kate Andrews – Carey Olsen; Simon Marks – Carey Olsen; Rebecca McQuillan – Carey Olsen; Ashley Morrison – Carey Olsen; Lucy Robbins – Carey Olsen; Law Firms: Carey Olsen; Clients: Government of Jersey;