International law firm Simmons & Simmons has advised CYBG PLC on the establishment of its £10 billion Global Medium Term Note Programme and on the issuance of £300 million Fixed-to-Floating Rate Senior Notes due 2025. This is the first senior bond issuance by CYBG PLC and the Senior Notes are intended to count towards CYBG’s MREL requirements.

The Simmons & Simmons team was led by capital markets partner Jonathan Mellor, supported by managing associate Tony Geffin, supervising associate Leon Yap and associate Rukky Brume. Tax advice was provided by tax partner Mark Sheiham and managing associate Zoe Arnautov.