Cadwalader Advises Investec on €1 Billion Secured Note Programme

May 18, 2021

Cadwalader advised Investec on 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 and Samantha Hutchinson and included Sabah Nawaz, Adam Blakemore, Catherine RichardsonAssia Damianova and Jeff Effah.