Addleshaw Goddard has advised the joint bookrunners and trustees on four capital markets issuances by housing associations within the last month, raising over £1bn in aggregate for the sector.

The Debt Capital Markets team, which sits in AG's wider pre-eminent Housing Finance team, advised on the £400 million issue by Notting Hill Housing Trust, the £280 million issue by the WM Housing group, the £250 million by Catalyst Housing Limited and the £250 million by Housing & Care 21.

These transactions follow the largest own name bond issue by a housing association to date – London & Quadrant Housing Trust's £500 million issuance, which completed in July 2017 with the AG team advising the joint bookrunners.

The Addleshaw Goddard team advising on the transactions was led by partner Beth Collett, with legal director Jennie Chilton leading on the real estate aspects and Steve Mackie advising the trustees.

Beth Collett, who joined Addleshaw Goddard in May 2017, has rapidly built a strong team advising on public debt capital markets issuances by housing associations (including a dedicated team of real estate associates with a focus on social housing), providing a service to the bookrunners of public bonds which is on par with AG's market leading Housing Finance practice.

Commenting on the deals, Beth Collett said: "The fact that we have completed four significant deals within the last month demonstrates that we can comfortably resource multiple transactions.  We expect to see housing associations increasingly looking to the capital markets for their future funding requirements and we are very well placed to assist with these as part of our more comprehensive housing finance offering."