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Bisto kids bake an exceedingly complex deal

Headline: Bisto kids bake an exceedingly complex dealSource: EuromoneyDate: April 2001 Issuer: RHM FinanceAmount: £650 millionType of issue: whole-business securitizationDate of issue: February 28Arranger: JP Morgan         Whole-business or operating-company securitization may be the latest fad in structured finance, but there is nothing new about the concept. Since the mid-1990s, specialist buy-out […]

January 1, 2000

Headline: Bisto kids bake an exceedingly complex deal
Source: Euromoney
Date: April 2001

Issuer: RHM FinanceAmount: £650 millionType of issue: whole-business securitizationDate of issue: February 28Arranger: JP Morgan

       
Whole-business or operating-company securitization may be the latest fad in structured finance, but there is nothing new about the concept. Since the mid-1990s, specialist buy-out firms such as Nomura’s Principal Finance Group have financed their purchases of pub estates and train rolling-stock companies by pledging all the cashflows from these businesses to bondholders.





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