Legal Week Global reports
January 19, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Top 10 London firm Lovells has advised key banking client Barclays on the ground-breaking $730m securitisation of its life insurance business.
The transaction represents the first time a European bank has used the capital markets to refinance an investment in a life subsidiary. It is only the second time that investors have purchased securities backed by a life insurer’s future profits.
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