TITLE

RBS property loans plans have investors in a spin

AUTHOR(S)
Phillips, Mike
PUB. DATE
August 2010
SOURCE
EG: Estates Gazette;8/14/2010, Issue 1032, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
53569131

 

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