Aviva Investors sells notes backed by infrastructure loans

By Joseph McDevitt
29 Jul 2013

Aviva Investors has issued its first batch of notes backed by a portfolio of infrastructure debt, providing another sign that non-banks are filling the gap left by banks retreating from long duration infrastructure funding.

The €425m of notes were issued by the European Secondary Infrastructure Credit SV (Securitisation Vehicle), which is registered in Luxembourg. 

Aviva Investors will ramp up the vehicle by buying secondary market bank loans for operational infrastructure projects. It will also make selective investments in primary bank loans. The project ...

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