Slaughter and May advised JRP Group plc on its issuance of £250 million Guaranteed Subordinated Notes due 2026. The Notes bear interest at the rate of 9 per cent. per annum and are issued with the benefit of a subordinated guarantee from Just Retirement Limited, the principal operating company in the JRP Group. The Notes are listed on the EuroMTF Market of the Luxembourg Stock Exchange.

Barclays Bank, Deutsche Bank and The Royal Bank of Scotland acted as joint lead managers.
Contacts

Financing: Miranda Leung (partner), Caroline Phillips (partner), Andrew Chaplin (associate), Matt Twaddle (associate); Insurance: Oliver Wareham (partner), Jack Gray (associate)