Slaughter and May advised Schroders plc on its debut bond issuance. Schroders issued standalone £250,000,000 6.346 per cent. fixed rate reset callable subordinated tier 2 notes due 18 July 2034 (the “Notes”). The proceeds of the Notes will provide additional financial flexibility to drive Schroders' strategic growth agenda and further strengthen and diversify Schroders’ sources of capital and liquidity. The Notes have been admitted to trading on the main market of the London Stock Exchange.
Schroders is a leading provider of active asset management, advisory and wealth management services.
Citigroup acted as the Sole Structuring Advisor for the Notes and Barclays, Citigroup and Santander acted as Joint Lead Managers.
Ed Loftus / Trainee, Anna Dai / Trainee