Alantra advises St. James’s Place on expansion of its Partner Loan Securitisation Programme

Jul 2019

Strategic Advisory

Value £200 million

Alantra, an independent global investment banking and asset management firm, has advised St. James’s Place plc (“SJP” or “the Company”) on a private placement of senior notes from its Partner Loan Securitisation Programme (“SJP Securitisation Programme”) in the UK. The senior variable rate notes (“SVNs”) carry a “AAA” rating from an external credit rating agency and were placed with two large UK banking groups, increasing the overall funding capacity of the SJP Securitisation Programme to more than £200 million.

The SJP Securitisation Programme, which was newly established in September 2018, facilitates the Company’s access to low-cost ABS financing as well as provides further diversification of funding loans the Company makes to its Partners. SJP is a UK FTSE 100 company with assets under management exceeding £100 billion.

“The new facility is a significant step forward for SJP and we are very excited to continue the expansion of our securitisation programme,” said Peter Coulter, Director of Strategy & Banking at SJP.

Alantra advised the Company on the commercial and structural aspects of the transaction as well as supported the Company in the selection of preferred investors and the negotiation of final terms agreed between the Company and the investors.