GLAS Appointed Note Trustee, Security Agent and Registrar on a Securitisation Transaction

May 2018, London – GLAS was recently appointed as Note Trustee, Security Agent and Registrar on a Spanish real estate NPL securitisation transaction. The Issuer, a Luxembourg SPV, issued a total of EUR 125 million notes across two of its “compartments”, comprising of different classes and seniority (the “Notes”). The Notes are private placement issuances and are a refinancing of a pre-existing deal. The Notes are not listed on any stock exchange and are unrated. GLAS as Security Agent holds English, Spanish and Luxembourg security on behalf of the secured creditors.

For more information, please contact media@glas.agency.