Securitisation

The international securities group at Norton Rose advised Stena Line in its recent reorganisation of its asset-backed commercial paper securitisation programme. This programme will expand the existing Sterling-based programme to encompass passenger and freight receivables in euro, sterling, Swedish krona, Danish krone and Norwegian krone. Lead securitisation partner at Norton Rose Jonathan Walsh led the team. Clifford Chance represented The Chase Manhattan Bank, which arranged the transaction.