Linklaters and Latham & Watkins have taken lead roles on department store group House of Fraser’s £250m bond issue.

The issuance, part of an effort by the company to refinance debt taken on when it was taken private in 2006, saw Linklaters take the lead role for House of Fraser. The magic circle firm’s team was led by high yield partner Mark Hageman, who joined last year from US firm Cravath Swaine & Moore.