Virgin Media £125 million mobile loan-backed securitisation

Overview:

• Virgin Media has issued mobile loan-backed bonds worth £125 million.
• The securitisation is backed by loans offered to mobile customers of Virgin Media.
• It is believed to be the first time this structure has been used.
• Royal Bank of Canada acted as lead arranger.
• Virgin Media is owned by Liberty Global.

Sam Duke - Editor

Read further analysis of this deal on IFLR.com