Global Fixed Income Capital Partners Ltd.

STRUCTURED pRODUCTS tRANSACTION sNAPSHOT

  • Advised a UK bank in the significant restructuring of various aspects of a Euro 1 billion bond issuance that was backed by commercial leases throughout Europe, through the use of a series of unfunded credit default swaps.   The transaction was unique in that despite being a synthetic structure, certain assets were being sold / restructured causing a significant impact on the overall bond pay out and synthetic structure of the transaction.  Our role was to structure and document the transaction.


  • Advised a French bank in connection with an approximately U.S. $300 million synthetic CLO based on a reference pool of consumer loans.  The notes were sold in Europe and the United States.


  • Advised a UK bank in connection with the issuance of approximately £350 million of listed bonds backed by commercial loan credits using a series of funded and unfunded tranched and rated credit default swaps.  The transaction was unique in that the transaction and the credit default swaps were structured to obtain regulatory relief for the financial institution. 


  • Advised a Benelux bank in connection with the issuance of approximately £400 million of asset-backed commercial paper backed by loan credits in the Netherlands and Belgium using a series of funded and unfunded tranched and rated credit default swaps.  The transaction was unique in that it funded the financial institution's factoring arm despite multiple forms of factoring agreements.


  • Advised a Benelux bank in connection with the issuance of approximately £200 million of asset-backed commercial paper backed by loan credits in the United States using a series of funded rated credit default swaps.  The transaction was also unique in that despite the synthetic structure it had to be structured to ensure U.S. regulatory capital relief.​

 

 

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