Eversheds advises on Siegfried tap programme

tap programme

Eversheds Sutherland’s structured finance team in Hong Kong advised Siegfried Service on a US$1 billion trade receivables securitisation tap programme. The trade obligors are high-end consumer and retail brands from across the US and Europe.

The first stage of the transaction was funded in September, with the second stage in October, and further note issuances under the programme likely in coming months.

Eversheds’ team was led by the head of structured finance in Asia, Kingsley Ong, with support from of counsel Simon Barrell, and associates Polly Chiu and Hinny Leung.

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