Macfarlanes has advised the Castle Trust group in relation to the establishment of Castle Trust Direct plc's £1.5bn programme for the issuance of fixed and floating rate notes to be offered by Castle Trust as Fortress Bonds.

These bonds diversify the Castle Trust investment range and, together with their award winning house price trackers, enable them to meet increasing demand on the mortgage side of their business.

The Macfarlanes team was led by partner Rachel Kelly with tax advice provided by partner James McCredie.