Gilbert + Tobin is pleased to announce it has represented Equity Trustees Limited in providing trustee, security trustee, back-up servicer and trust manager services as part of a $304.5 million public asset backed securitisation. This securitisation settled on 22 February and was ScotPac's inaugural commercial auto and equipment loan ABS transaction. The collateral involved in this transaction consisted of auto and equipment loan receivables to large corporates and small-medium enterprises (SMEs).

This transaction is particularly significant because it was ScotPac’s first public ABS deal.

Louise McCoach commented on the deal: “We are pleased to have represented Equity Trustees in ScotPac’s first ever auto and equipment term securitisation. Equity Trustees is a friendly, commercial, and flexible organisation and it was a pleasure working with them on this transaction.”