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A&O Shearman represents Zopa on debut listed bond issuance

A&O Shearman represents Zopa on debut listed bond issuance
Published Date
May 22 2025
A&O Shearman has advised Zopa Group Limited, the UK bank, on its issue of GBP80 million Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities. The securities have been listed on the International Securities market of the London Stock Exchange.
Zopa has been a pioneering force in finance since 2005, when they built the first ever peer-to-peer (P2P) lending company. Zopa has said they will use the funds to strengthen their balance sheet without diluting shareholders as they prepare to enter everyday banking with the imminent launch of their flagship bank account.

“We are delighted to have advised Zopa on its first listed bond issuance. The A&O Shearman team were able to bring together their wealth of experience in the regulatory capital space.”

Image of Tom Grant

Tom Grant

Partner

The A&O Shearman team comprised partners Tom Grant and Jeff Hendrickson, senior associates Laura McDonald and Maggie Casteel, and associates Callum Udy and Rose Whitlock, with support from partner Eimear Coady, senior associate Jack Prettejohn and associate Holly Gardiner.

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