Government of Gibraltar Gibraltar Case Study 11

Government of Gibraltar requires
refinancing solution for new car park
portfolio held through its wholly-
owned companies

RBS International develops creative
finance and leaseback structure
creative 
Bank facilities match Government
structures
requirements exactly
The ability to understand the complex requirements of customers Coming to the deal late in the day, it needed to impress, which it did
and respond with strong, inspired solutions is a vital ingredient by combining the local knowledge and experience of the Gibraltar
of a successful bank. RBS International’s understanding of team with the Product Partner involvement of the Bank’s Treasury
this is clear in its dealings with the Government of Gibraltar. & Investor Solutions team and our Structured Finance colleagues.
This resulted in the creation of a finance and leaseback structure
The two have a relationship stretching back a long way and the with a stretching 25-year term that incorporated an interest-rate
Bank’s team in Gibraltar has worked alongside the Government hedge for the full transaction amount.
on a number of large transactions as well as providing day to
day banking and deposit facilities. This solution from RBS International matched the exact requirements
of the Government and has enabled it to move ahead with the
When the Government was securing funding to refinance a new car refinancing of the car park portfolio and construction of the new
park portfolio, which included the construction of a 1,000-space park and ride facilities, through the Government’s wholly-owned
park and ride facility just inside the Gibraltar border, RBS International company, Gibraltar Car Parks Ltd.
was determined to once again demonstrate its capabilities.
“Once again RBS International has demonstrated
its ability to think creatively in order to develop
financial solutions that meet the needs of the
Government of Gibraltar and help with the
Government’s capital expenditure programme.”
Government of Gibraltar
The Royal Bank of Scotland International Limited (RBS International) trading as NatWest.
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