Slaughter and May advised Close Brothers on the update of its EMTN programme and subsequent issuance

Slaughter and May advised Close Brothers Finance plc (“Close Brothers”) on the update of its £2,000,000,000 euro medium term note programme (the “Programme”), guaranteed by Close Brothers Limited. The Programme is listed on the International Securities Market of the London Stock Exchange.

Following the update of the Programme, Slaughter and May additionally advised Close Brothers on the issuance of £250,000,000 5.750 per cent. Fixed Rate Notes due 10 September 2031 under the Programme. This follows the successful issuance of £250,000,000 6.125 per cent. Subordinated Tier 2 Notes due 2036 by Close Brothers Group plc and related tender of its outstanding £200,000,000 2.00 per cent. Fixed Rate Subordinated Notes due 2031 in February 2026, on which Slaughter and May also advised.

Close Brothers Finance plc is a subsidiary of Close Brothers Group plc, which is listed on the London Stock Exchange and is a constituent of the FTSE 250. Close Brothers Group plc and its subsidiaries are a specialist banking group, focused on secured lending to small and medium sized enterprises and individuals, financing a diverse range of asset classes in the UK, the Republic of Ireland, the Channel Islands and Germany.