Carey Olsen has advised the States of Jersey in relation to its issuance of £500 million 2.875% bonds due 2052, the States’ first bond issuance since 2014.
The bonds were listed on the Official List of The International Stock Exchange on Friday 6 May, with Carey Olsen Corporate Finance Limited acting as listing agent for the States of Jersey.
Acting as Jersey legal counsel to the States of Jersey, Carey Olsen worked alongside UK legal advisers, Allen & Overy LLP. The Carey Olsen team was led by partners Kate Andrews and Simon Marks, with support from senior associates Ashley Morrison and Rebecca McQuillan and associate Lucy Robbins.
Kate said: “Having previously acted for the States of Jersey on its debut bond issuance in 2014 and its first revolving credit facility in 2020, we were delighted to be able to support the island’s government on its latest bond issuance. The strong interest from investors demonstrates the high regard in which Jersey’s economy is held.”