The acquisition is one of the largest whole loan sale transactions to occur in the Australian market. CBA was represented by Partner Duncan McGrath and Lawyer Benjamin Downie from the Banking and Finance team of Gilbert + Tobin.
Duncan McGrath commenting on the transaction said: “We are delighted to have acted for the Commonwealth Bank of Australia on this transaction and to have had the opportunity to showcase the strength of Gilbert + Tobin’s securitisation and debt capital markets practice, under tight time frames and facing complex legal issues.”
Gilbert + Tobin has also recently advised on other ground breaking transactions such as Headingley RMBS 2011-1, the first repo eligible kangaroo RMBS securitisation to be issued into Australia.
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