RBS property loans plans have investors in a spin

Phillips, Mike
August 2010
EG: Estates Gazette;8/14/2010, Issue 1032, p29
Trade Publication
The article discusses plans by the Royal Bank of Scotland to spin off its British property loans worth 2 to 3 billion British pounds. The move is considered the first time a British bank releases a significant amount of assets in a single transaction, allowing investors to purchase from the pool of loans. The move will involve a partnership with Lazard to create a fund or similar vehicle wherein the loans will be placed.


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