Simmons & Simmons has advised Macquarie Bank International Limited in their capacity as Arranger and Joint Lead Manager on its €186m residential mortgage-backed securities (RMBS) transaction.

Macquarie Bank International Limited has securitised German real estate credits in the amount of €186m in order to place the RMBS transaction with institutional investors.

Among experts, the deal was one of the few transactions that has been successfully brought onto the market during the Greek financial crisis and notwithstanding the difficult economic backdrop, met with strong demand from international investors.

The international team from Simmons & Simmons included Michael Lorraine (securitisation/capital markets partner, London), Dr Stefan Schramm (international financing partner, Frankfurt), Heiko Stoll (tax partner, Frankfurt), Mark Sheiham (tax partner, London), Amy Cook, Annabel Rolls, Tim Grimshaw, William Trotman (capital markets, London) and Laura Allwright (tax, London).