Loan notes find favour as asset-backed funding

clock

Loan notes are becoming popular in asset-backed funding as pension schemes and sponsors increasingly use special purpose vehicles (SPVs) to reduce scheme deficits, lawyers say.

Marks & Spencer was the first company to place properties in a Scottish Limited Partnership (SLP), a kind of SPV, six years ago (PP Online, 23 January 2007). The properties were leased back to t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Railpen acquires minority stake in Nordic waste collection company

Railpen acquires minority stake in Nordic waste collection company

Investment marks scheme’s first investment in the Nordics and in municipal waste collection

Martin Richmond
clock 03 September 2024 • 2 min read
Railpen secures planning consent for Hertfordshire development

Railpen secures planning consent for Hertfordshire development

Scheme secures consent for the development of 120,000 sq. ft facility in South Mimms

Martin Richmond
clock 22 August 2024 • 2 min read
PP Investment Awards 2024: Shortlists revealed!

PP Investment Awards 2024: Shortlists revealed!

The awards celebrate excellence among asset managers

Professional Pensions
clock 22 August 2024 • 6 min read
Trustpilot