Landmark finance solution for Guernsey debt fund

19 January 2018

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. This deal required excellent collaboration between several specialist teams both in London and in Guernsey. Our ability to deliver solutions like this through a locally-based relationship team is what makes us unique in Guernsey.”

Sequoia is a Guernsey-domiciled closed-ended fund listed on the FTSE 250 Index, which invests principally in infrastructure loans backed by operational projects in the UK, Western Europe, North America, Australia and New Zealand.

“This deal is a significant milestone for RBS International in Guernsey."
Jean-Paul Peters, Head of Fund Administration sector and Head of Funds Banking in Guernsey
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