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£462 million securitization: Aviva plc, Citigroup Inc, Equity Release Funding (No.3) plc - International Law Office - Deal Information

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Deal Details

£462 million securitization Aviva plc, Citigroup Inc, Equity Release Funding (No.3) plc

Equity Release Funding (No.3) plc, a special purpose vehicle formed by Aviva plc, has issued £462 million in mortgage backed notes securitizing a portfolio of equity release mortgages originated by Norwich Union Equity Release Ltd, another Aviva company. The deal was arranged by Citigroup Inc.

Value: £462 million
Closed: June 27 2003

Parties involved Legal advisers
Aviva plc
(Insurance)
Originator
Slaughter and May - London
Stephen Powell
Dermot Rice
Graham Airs
Citigroup Inc
(Banks)
Arranger
Freshfields Bruckhaus Deringer LLP - London
Marcus C Mackenzie
Equity Release Funding (No.3) plc
(Speciality & Other Finance)
Issuer
Slaughter and May - London
Stephen Powell
Dermot Rice
Graham Airs