Alpha Trains marks first German WBS with triple print

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By Tom Porter
26 Mar 2015

Alpha Trains has sold €350m of public senior secured bonds, a €250m senior private placement and a €125m junior private placement as part of its whole company securitization.

The Luxembourg-headquartered European rolling stock leasing company also signed €525m of term loans and €225m of liquidity facilities.

According to UBS, it was the first German whole business securitization, and the first ever concurrent execution of loans, public bonds, dual tranche private placements and a subordinated holdco private ...

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