Eversheds has just closed the first long-dated asset-backed sterling securitisation of the year in a sign that stability is returning to the bond markets.

Cornelius Medvei, Eversheds’ Norwich-based property head, led the Eversheds team advising NHP – the UK’s only listed property investment group – and the issuer, Cayman Island’s incorporated Care Homes No 2 Limited, on the £265m fixed rate asset-backed bond issue.