Devonshires advised Optivo with a team including Julian Barker (Picture – Debt Capital Markets).
Optivo issued an £150 million tap of its existing 5.25% 2043 bonds. £100 million of the new 2043 bonds were sold via forward sale at a price of 150.7 per cent raising £150 million proceeds. Optivo retained the remaining £50 million of the increased bond for potential sale to be agreed at a future date.
Optivo is one of the largest housing providers in the UK and a member of the G15 group of London’s largest housing associations.
Devonshires lawyers Julian Barker (Picture) and Rachel Orgill-Harris acted for Optivo on the matter.
Law Firms: Devonshires;