RBS International has completed a multi-million pound revolving
credit facility for a Guernsey-based debt fund.
Working with RBS Structured Finance in London, the local bank
has structured a £100 million multi-currency revolving credit
facility, which sourced liquidity from the wider bank market, to
support Sequoia Economic Infrastructure Income Fund, a
Guernsey-domiciled closed-ended fund listed on the FTSE 250
Index.
"This deal is a significant milestone for RBS International
in Guernsey," said Jean-Paul Peters, Head of Fund
Administration sector and Head of Funds Banking in Guernsey.
"Having worked with this fund for a number of years, our
understanding of its needs enabled us to structure a bespoke
solution and lead a multi-bank facility with sufficient scale to
fit their objectives.
