A vehicle that works

Article Abstract:

Retail group, Sainsbury's raised 335 million pounds sterling by the securitisation of 16 supermarkets which it will rent back over 23 years. The interest rate is more than a bank loan.

Author: Catalano, Alex, Frampton, Rachel
Retail industry, Retail trade, Contracts, Supermarkets, J Sainsbury PLC

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Brits bewitched at last

Article Abstract:

Property securitisation is becoming popular in Britain because it allows companies to get funds for investment. Sainsbury's raised 335 million pounds by securitising 16 supermarkets.

Author: Catalano, Alex, Frampton, Rachel
Analysis, Corporations, Corporate finance

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Continental drift

Article Abstract:

Property securitisation is becoming popular in Germany and Italy. Morgan Stanley Dean Witter has been active in Italy but Goldman Sachs and Paribas are also getting involved.

Author: Catalano, Alex, Frampton, Rachel
Europe, Securities

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Subjects list: Management, Finance, Asset-backed securities, Asset backed securities
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