Deals summary

Ashurst Morris Crisp (Michael Smith) advised Daiwa Securities and Mizuho International as managers of a ¥21.8bn (£115m) securitisation of auto receivables originated by the Orient Corporation (Orico). Nishimura & Partners (So Saito) of Tokyo advised Orico.

Allen & Overy (Andrew Harrow) advised the dealers on the $1bn (£707m) medium term note (MTN) programme of Hysan. The firm acted for the joint lead managers Merrill Lynch International and Morgan Stanley and the co-lead managers on the initial drawdown. Linklaters (Andrew Malcolm) advised Hysan.

Linklaters (Jim Rice) acted for lead manager JP Morgan on the whole business securitisation of UK ferry operator Red Funnel financed through Red Funnel Finance's issue of £43m fixed rate secured notes due in 2026. Ashurst Morris Crisp (Michael Smith) advised Red Funnel Finance.