Lovells and Clifford Chance (CC) have taken lead roles on a rare retail securitisation deal in Europe - advising on a €487.6m (£304m) deal by FCE Bank in Germany. The deal, which marks a return to the public securitisation market for car financing provider FCE, saw the bank sell loan receivables to a Dutch special purpose vehicle, which then issued notes - some of which were purchased by FCE, with the bulk listed on the Irish Stock Exchange. The loans primarily related to the Ford Motor Company's Ford and Mazda brands.
October 07, 2009 at 08:04 PM
1 minute read
The original version of this story was published on Legalweek
London firms advise Germany’s FCE Bank in rare European deal
Lovells and Clifford Chance (CC) have taken lead roles on a rare retail securitisation deal in Europe – advising on a €487.6m (£304m) deal by FCE Bank in Germany.
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