Baker & McKenzie’s City securitisation team has secured a role advising National Australia Bank (NAB) on a $10bn (£5.3bn) US-style ‘arbitrage’ financing.
The firm’s London arm advised NAB on the two-stage CentreStar programme, which completed in September with the creation of a vehicle to issue investment grade commercial paper, backed by a rolling portfolio of debt securities held in an existing programme.
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