weil gotshal has secured first direct role for citigroupWeil Gotshal & Manges’ City securitisation team has secured its first lead role for Citigroup on a €2.15bn (£1.5bn) deal that takes the busy residential mortgage-backed securities model into the Irish market.

The transaction saw Weil Gotshal advise Citibank as lead underwriter and arranger of multiple classes of bonds backed by residential mortgages held by the lender Irish Life & Permanent. The transaction is one of the largest mortgage-backed securitisations yet seen in the Irish market.