Bullish signal? Cow securitisation steps forward


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Bullish signal? Cow securitisation steps forward

Owen Sanderson's avatar
  1. Owen Sanderson
2 min read

Boutique investment bank Alantra is working on a securitisation backed by cattle, financing a French agricultural cooperative.

The deal is likely the first ABS directly backed by cattle (cow-lateralised debt obligation), though agricultural loan ABS deals have been executed in the past — Lloyds Bank has done several SRT transactions under the Fontwell shelf, which transfer risk on loans from subsidiary the Agricultural Mortgage Corporation.

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