Canary Wharf bond issuesets securitisation record

November 21, 1997 12:00 am

THE LARGEST ever securitisation of a single property succeeded triumphantly this week, as UK investors rushed to buy £555m of long dated bonds backed by rents on London's Canary Wharf office development.The transaction takes the rapidly expanding European securitisation market into new territory and underlines the enthusiasm of investors to buy asset backed product at a time of volatility in international debt markets.

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