Telereal securitises exchanges

bt1-gif
Last month saw the launch of the first securitisation of telephone exchanges. Originated by Telereal, the £1.8 billion of fixed and floating rate notes use exchanges, used by principal UK operator British Telecommunications (BT), as collateral.

The transaction represents the sale and leaseback of BT’s UK portfolio of fixed-line telephone exchanges and other specialised properties. Land Securities Trillium and William Pears Family Trust (Bermuda) have established a joint venture partnership to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here