DZ BANK - Coral Programme - Auto Loan Transaction

Bedell Cristin London acted as Jersey legal advisers to DZ BANK in connection with a new auto loan transaction under the bank's €10 billion Coral Programme relating to auto loan receivables generated by a vendor independent auto bank. Coral Purchasing (Jersey) Limited acceeded to the transaction as a 'Conduit Lender' for the purposes of providing loan finance up to €75m. The Bedell Cristin team was led by London finance partner Bruce Scott and included senior lawyer Andreas Elofs.