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Structured Bonds

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  • British Airways Plc has pulled its novel deal backed by landing slots at Heathrow airport after failing to find a price that worked for both sides.
  • Banco Volkswagen, the Brazilian arm of the carmaker, completed its first ever securitisation of Brazilian auto loans on Friday, with a forward looking deal that may open the way to more issuance.
  • British Airways has started roadshowing a bond that will be secured by a portfolio of airport take-off and landing slots — licences granted to airlines to use facilities at an airport throughout winter or summer seasons.
  • One of Europe’s largest ever securitisations, the €4.46bn outstanding German multi-family GRAND CMBS, is a step closer to being restructured after the six largest noteholders agreed on a plan.
  • British Airways has started roadshowing a bond that will be secured by a portfolio of airport take-off and landing slots — licences granted to airlines to use facilities at an airport throughout winter or summer seasons.