Iona Misheva
Partner
London
Iona Misheva
Partner
London
Contact details
Iona advises on a broad range of structured finance structures across a variety of asset classes, including commercial real estate, whole business, receivables and residential mortgage loans in the UK and across Europe.
Qualifications
Professional
Admitted as barrister and solicitor, New Zealand, 2008
Registered foreign lawyer, England and Wales, 2020
Academic
Experience highlights
Advising a global financial institution as arranger, on a EUR210m commercial mortgage backed securitisation under their Taurus programme, secured by a portfolio of Finnish assets owned by Blackstone.
Advising Oodle as seller and originator, on its GBP336m debut public issuance and subsequent £240m public issuance backed by a portfolio of auto hire purchase agreements.
Advising a global financial institution on its acquisition in 2018 of a circa EUR5bn portfolio of residential mortgage loans from Bank of Scotland and financings by way of multiple public securitisation and warehouse financings, including the Roundstone Securities No 1 DAC RMBS, Dublin Bay Securities 2018 DAC RMBS and Dublin Bay Securities 2018-MA1 DAC RMBS (an innovative “match adjusted” securitisation designed for insurance company investors).
Advising a global financial institution, as arranger, on a EUR708m commercial mortgage backed securitisation, secured by a portfolio of German assets owned by Blackstone.
Related articles
Publications: 15 September 2020
Navigating the EU Securitisation Regulation
Since the start of 2019, the securitisation markets have been living with the EU Securitisation Regulation (Regulation (EU) 2017/2402, the SR) regime, which established a common framework for all…
Qualifications
Professional
Admitted as barrister and solicitor, New Zealand, 2008
Registered foreign lawyer, England and Wales, 2020
Academic
Other noteworthy experience
Advising:
- UNITE (USAF) II plc – advising the UNITE Group plc on the structuring and execution of the securitisation of a substantial part of its portfolio of student accommodation. The transaction involved setting up a multi-debt platform including a note issuance, liquidity facility, revolving credit facility and optionality to raise a range of further debt.
- Dudgeon – advising the investors on the private placement financing of the Dudgeon offshore windfarm.
- Project Chester – advising on the sale by the UK government of GBP4.9bn of loans to Citi with financing by PIMCO.
- Cold Finance – advising a multinational financial institution as arranger and lead manager, on the financing of the acquisition of Yearsley logistics by Bay Grove, through the issuance of commercial mortgage backed securities (this transaction won CMBS deal of the year at the GlobalCapital European Securitisation Awards 2020).
- Eos – advising a global financial institution as arranger, in relation to a EUR291m commercial mortgage backed securitisation, secured by a portfolio of German, Dutch and Finnish assets owned by M7.
- Arrow – advising a group of financial institutions as arrangers and lead managers in relation to a EUR265m commercial mortgage backed securitisation secured over properties in France, the Netherlands and Germany.
- Advising a bank as lender in relation to the establishment of a loan on loan platform to fund commercial real estate development loans.
- Advising a real estate financier in connection with a loan on loan transaction funded through the issuance of a variable note of up to GBP300m backed by commercial real estate development loans.
- A global fund on the creation (in conjunction with an established originator), and financing, of a UK buy to let mortgage origination platform.
- FROSN – advising a group of financial institutions as arrangers and lead managers in relation to a EUR531m commercial mortgage backed securitisation secured over properties in Finland (this transaction won CMBS deal of the year at the GlobalCapital European Securitisation Awards 2019).
Awards
Overall Best Securitization Law Firm of the Year
GlobalCapital, 2020
CMBS Law Firm of the Year
GlobalCapital, 2020
