Norton Rose Fulbright advises Alpha Bank on second shipping securitisation

Business November 1, 2017

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.

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Meeta Vadher, Senior PR Manager
Tel: +44 (0)20 7444 3097; Mob: +44 (0)7595 886 276 

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact. 

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see