Holmes Financing (No. 7) PLC
On 26 March, 2003 Abbey National plc completed the seventh mortgages
securitisation under its master trust structure, worth £2.4
billion. Holmes Financing (No. 7) PLC issued US dollar, euro and
sterling notes secured on residential mortgage loans in England,
Scotland and Wales comprised in the master trust. The lead managers
were JPMorgan and Schroder Salomon Smith Barney.
Slaughter and May act for Abbey National plc and
the issuer
Marc Hutchinson (partner), Hughie Wong (associate), Guy O'Keefe
(associate); Specialist Advice: Property: Dermot Rice (partner),
Naomi Carroll (associate)
Cleary Gottlieb act for Abbey National and the issuer
on US law aspects
Allen & Overy advised the banks
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