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Norton Rose Fulbright advises Alpha Bank on second shipping securitisation | Global law firm | Norton Rose Fulbright

Norton Rose Fulbright advises Alpha Bank on second shipping securitisation

November 1, 2017

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Global law firm Norton Rose Fulbright has advised Alpha Bank on its second shipping securitisation, raising US$250 million. The transaction was arranged and financed by Citi.

The financing, a non-recourse 4-year term dollar funding, entailed a unique loan style structure and follows Alpha Bank’s shipping securitisation raising approximately US$500m in 2014, on which Norton Rose Fulbright also advised.

It is the only shipping securitisation transaction to be placed by a Greek bank and one of very few shipping securitisation transactions globally. 

David Shearer, partner, Norton Rose Fulbright, comments:

“This financing structure provides a unique solution. It demonstrates the utility of structured finance techniques for crafting bespoke arrangements for financing high value portfolios.”

The Norton Rose Fulbright team was led by David Shearer and included Merel Klinkers.

For further information please contact:

Meeta Vadher, Senior PR Manager
Tel: +44 (0)20 7444 3097; Mob: +44 (0)7595 886 276
meeta.vadher@nortonrosefulbright.com 

Notes for editors:

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