Finance Summary

Allen & Overy (Ulf Kreppel, Mark Friend, Paul Bedford) and Doralt Seist & Csoklich advised Schroder Salomon Smith Barney and the other managers in relation to the Blue Danube Loan Funding securitisation. Blue Danube issued e2.9m (£1.6m) floating rate asset-backed notes, due 2049, guaranteed by the State of Lower Austria. The proceeds were used to purchase statesubsidised housing loans. Clifford Chance Pünder and Haarmann Hemmelrath Hügel advised the State of Lower Austria.