Tube Lines Limited
12 May 2004
Law Debenture was pleased to be appointed as security trustee and note trustee for the long awaited £1.57 billion securitiation for Tube Lines, the consortium which owns the public private partnership concession to manage and upgrade the infrastructure on the Jubilee, Northern and Piccadilly lines on the London Underground.
The contract provides the cashflow to repay the securitisation. It is the largest sterling denominated unwrapped securitisation yet seen in the market.
Corporate Trust
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