Freshfields Bruckhaus Deringer has advised British Land on its offering of £350m, senior, unsecured, zero coupon convertible bonds due 2020, which was announced 2 June 2015 and closed 9 June 2015.

The Bonds have a zero coupon, and the initial conversion price has been set at a premium of 27.5 per cent above the volume weighted average price of the ordinary shares of the Company between launch and pricing.

The Freshfields team advising on the transaction was led by corporate partner Julian Long and capital markets partner Peter Allen.