Lovells motors on with €1bn auto loans role
Lovells has landed a lead role opposite Clifford Chance (CC) as German bank FCE completes a securitisation worth almost €1bn (£680m). Lovells capital markets head Sharon Lewis took the lead for regular client FCE on the securistisation of automotive loan assets worth a combined €998m (£679m). The loans were originated in FCE's German branches and relate to the Ford, Mazda, Jaguar and Land Rover brands owned by Ford Motor Company.
August 17, 2007 at 09:26 AM
2 minute read
Lovells has landed a lead role opposite Clifford Chance (CC) as German bank FCE completes a securitisation worth almost €1bn (£680m).
Lovells capital markets head Sharon Lewis took the lead for regular client FCE on the securistisation of automotive loan assets worth a combined €998m (£679m). The loans were originated in FCE's German branches and relate to the Ford, Mazda, Jaguar and Land Rover brands owned by Ford Motor Company.
The loans were sold to a Dutch special purpose vehicle, with some of the notes issued listed on the Irish Stock Exchange and some purchased by FCE.
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