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RBS’ Project Isobel fund is seeking AAA-rated senior debt
RBS is looking to gain a AAA-rating for up to a £700m senior debt loan secured against its £1.6bn Project Isobel UK property loan portfolio. The bank is selling its 30-strong property loan portfolio...
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Goldman Sachs and Citi competing to provide senior debt for Project Isobel...
Goldman Sachs and Citi have emerged as leading contenders to provide senior debt behind the four private equity bidders for the 25% equity component of RBS’ Project Isobel debt fund. It is understood...
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Blackstone and Lone Star are the final two for Project Isobel fund
US private equity firms Blackstone and Lone Star are the final two in the race to secure the equity component for sale in the high profile RBS Project Isobel debt fund. The two firms were understood to...
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Blackstone’s Project Isobel win paves the way for fresh bank debt...
Blackstone won the battle of the private equity giants to land a 25% equity stake in the Royal Bank of Scotland’s Project Isobel debt fund, repricing the overall portfolio at around £980m. Blackstone...
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Project Isobel deal to close despite HSBC pulling out
Royal Bank of Scotland and Blackstone will exchange contracts on the equity stake in the Project Isobel debt fund within the next three to four weeks, despite HSBC pulling out of financing the deal,...
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Project Royal finalists line up finance ahead of deadline
Lone Star and Cerberus Capital Management look to be the frontrunners to win Lloyds Banking Group’s Project Royal loan portfolio, ahead of next Monday’s deadline for committed financing terms to be...
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UPDATED: RBS and Blackstone close Project Isobel
Royal Bank of Scotland and Blackstone have finally closed the £1.36bn Project Isobel property loan deal, backed by £550m in stapled debt, CoStar News understands. The joint venture partners signed...
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RBS eyes Project Isobel £550m senior debt syndication
Royal Bank of Scotland will consider syndicating the £550m senior debt which it has underwritten to finance its joint venture Project Isobel UK real estate loan portfolio, CoStar News understands. The...
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Barclays, Lloyds and Blackstone urge Warner Estate property sell-off
Warner Estate is in the midst of a firesale of its remaining 39-strong £162.1m wholly-owned UK secondary property portfolio to repay the outstanding £229.4m debt with Barclays, Lloyds Banking Group and...
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RBS prices £463m Isobel Finance today and places £290m
Royal Bank of Scotland has priced and placed £290m of the outstanding £463m Project Isobel debt this afternoon in the first European securitisation of a loan secured by a commercial property loan...
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