September 12th, 2011, London UK: Channel Capital Advisors LLP (“Channel”) announces the completion of a series of secured financing transactions for its capital markets clients.
The secured financing transactions, which were for an aggregate amount of approximately USD 1 billion for a multi-year period, provided attractive term funding for a universal bank versus other funding alternatives. The provider of the financing was able to lock in LIBOR based returns on the financing which were further enhanced by high quality collateral.
“We are pleased to have arranged this secured funding transaction for our client”, said Walter Gontarek, CEO of Channel. “We envision further opportunities to facilitate funding solutions given the financing environment for European banks at present”, he added.
For further information contact: Walter Gontarek
Chief Executive Officer
Channel Capital Advisors LLP Tel: 44 207 291 5160
Email: walter.gontarek@channelcapital.co.uk
