Investec’s €1 Billion Secured Note Programme

Cadwalader advised Investec on the deal.

Investec executed a €1bn secured note programme backed by subscription credit facilities with one of the UK’s largest insurers. The transaction, one of the first in this new product area for the London market, will enable the insurer to take advantage of an opportunity to participate in an attractive investment-grade rating product in a current environment of low yields from high-quality credit, rated A and better.

The Investec team was led by Neno Raic and Helen Griffiths and the Cadwalader team was led by partners David Quirolo (Picture) and Samantha Hutchinson and included Sabah Nawaz, Adam Blakemore, Catherine Richardson, Jason Schwartz, Assia Damianova, Michael Sholem, Jeff Effah and Alissa Kalinowski.

Involved fees earner: Adam Blakemore – Cadwalader Wickersham & Taft; Assia Damianova – Cadwalader Wickersham & Taft; Jeffrey Effah – Cadwalader Wickersham & Taft; Samantha Hutchinson – Cadwalader Wickersham & Taft; Alissa Kalinowski – Cadwalader Wickersham & Taft; Sabah Nawaz – Cadwalader Wickersham & Taft; David Quirolo – Cadwalader Wickersham & Taft; Catherine Richardson – Cadwalader Wickersham & Taft; Jason Schwartz – Cadwalader Wickersham & Taft; Michael Sholem – Cadwalader Wickersham & Taft;

Law Firms: Cadwalader Wickersham & Taft;

Clients: Investec Ltd;

Federica Tiefenthaler

Author: Federica Tiefenthaler