International law firm Simmons & Simmons has advised Barclays, BofA Merrill Lynch and HSBC as joint dealer managers on a tender offer by RL Finance Bonds plc in respect of its £400m Upper Tier 2 Notes and as joint lead managers on a £400m new issue of Solvency II-compliant Tier 2 Notes by RL Finance No. 2 plc, which are guaranteed on a subordinated basis by The Royal London Mutual Insurance Society Limited, the UK’s largest mutual life and pensions company.
The Simmons & Simmons team comprised Capital Markets partner Piers Summerfield, managing associate Tony Geffin, supervising associate Leon Yap and associate Alex O’Brien, with tax advice provided by Tax partner Mark Sheiham and associate Chris Agnoli.
