Securitization

Author: | Published: 1 Aug 2005
Christian Lambie, Allen & Overy

The Royal Bank of Scotland acted as arranger and lead manager on a £355 million ($616.5 million) issuance of commercial mortgage-backed notes by Trafford Centre Finance, a member of Peel Acquisitions Group. The transaction involved the issuance of reserve notes, on which no interest or principal is payable while held by the issuer. Partner Christian Lambie led the Allen & Overy team advising RBS. Travers Smith advised The Peel Acquisitions Group. Sachin Zodgekar is in-house counsel at RBS.

Egypt's first public securitization came to market in July, in the form of a $1.55 billion oil-linked financing by state-owned Egyptian General Petroleum Corp (EGPC). The deal is backed by export receivables for heavy crude and naphtha. Skadden Arps Slate Meagher & Flom advised the company and the government on the deal, with Latham & Watkins advising Morgan Stanley, as...