National Express Group PLC’s £500 Million Hybrid Notes Offering


Ashurst has advised National Express Group PLC on the deal.

National Express Group PLC issued hybrid £500 million perpetual subordinated non-call 5.25 fixed rate reset notes.

The proceeds from the hybrid issuance are being used for general corporate purposes and the repayment of existing debt.

National Express Group is a British multinational public transport company headquartered in Birmingham, England.

The Ashurst team was led by partner Anna Delgado (Picture) with senior associate Kavisha Bilimoria and associate Alexandra Eastwell, with support from client relationship partner Tom Mercer.

Involved fees earner: Kavisha Bilimoria – Ashurst; Anna Delgado – Ashurst; Alexandra Eastwell – Ashurst; Tom Mercer – Ashurst;

Law Firms: Ashurst;

Clients: National Express Group;

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