Communication gap

Having established US cross-border leasing structures with large Austrian lessees, arrangers and law firms now face the complex task of bringing the same structures to smaller entities across the country, with deals in the range of 150 million $162 million) to 200 million. The next wave will involve...

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Bibliographic Details
Published in:Asset Finance International 2003-03, p.1
Main Author: Marray, Michael
Format: Article
Language:English
Subjects:
Assets
Bankruptcy
Bundling
Business conditions
Cross border transactions
Drinking water
Equipment financing
Leases
Leasing
Lessees
Municipalities
Public sector
Registration
Relationship banking
Sewer systems
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Summary:Having established US cross-border leasing structures with large Austrian lessees, arrangers and law firms now face the complex task of bringing the same structures to smaller entities across the country, with deals in the range of 150 million $162 million) to 200 million. The next wave will involve packaging together groups of smaller assets such as sewage treatment facilities. That necessitates would-be arrangers building strong relationship banking contacts across provincial Austria, since many of the potential lessees will be hard to persuade, and there will be new alliances linking up foreign arrangers with local institutions that are hoping to climb the arranger league tables for Austrian deals. Unfortunately for the arrangers, political objections to cross border leasing deals out of Austria are getting louder, regardless of the asset class involved, with popular resistance to the idea of "selling off" assets to foreign investors.
ISSN:1367-8086