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Iona Misheva

Partner

London

Misheva Iona
Iona Misheva

Partner

London

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.

She regularly acts for financial institutions, funds, private equity firms, servicers and corporates. In particular, Iona specialises in the origination and work out of commercial real estate transactions, including CMBS and whole business securitisations. She is also highly experienced in advising on auto finance, RMBS and portfolio acquisition transactions.

Other noteworthy experience includes 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 £4.9bn of loans to Citi with financing by PIMCO.
  • Cold Finance – advising Goldman Sachs 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 Morgan Stanley, as arranger, in relation to a €291m commercial mortgage backed securitisation, secured by a portfolio of German, Dutch and Finnish assets owned by M7.
  • Arrow – advising Deutsche Bank and Société Générale as arrangers and lead managers in relation to a €265m 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 £300m 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 Citigroup and Morgan Stanley & Co. International plc as arrangers and lead managers in relation to a €531m commercial mortgage backed securitisation secured over properties in Finland (this transaction won CMBS deal of the year at the GlobalCapital European Securitisation Awards 2019).

News & insights

A&O advises on a receivables financing to help over a million people living off-grid in Kenya access solar energy products

News: 11 JUNE 2020

A&O advises on a receivables financing to help over a million people living off-grid in Kenya access solar energy products

Allen & Overy (A&O) has advised African Frontier Capital (Mauritius) LLC (AFC) on a USD 65 million receivables financing transaction which will enable the provision of loans to people living off-grid…

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Publications: 10 JUNE 2020

Towards an EU STS framework for balance sheet synthetic securitisations – EBA final report published

The European Banking Authority (EBA) is mandated, under Article 45 of the EU Securitisation Regulation (the Securitisation Regulation)[1], to produce a report (the Report) on the feasibility of a…

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Publications: 28 MAY 2020

Webinar: Covid-19 coronavirus - Forbearance: mortgage debt and unsecured lending support in the UK, France, Italy and Spain

In this webinar, we discuss the measures introduced for mortgage debt and unsecured lending for owner occupied borrowers and those with buy-to-let mortgages in UK, France, Italy and Spain, where…

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Growth

Publications: 13 MAY 2019

The Growth Law Decree: important changes relating to securitisations

On 1 May 2019 the so-called 2019 Growth Law Decree (the Decree) entered into force which introduces, inter alia, substantial amendments to Law No. 130 of 30 April 1999 (Law 130) aimed at facilitating…

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Office

London

Allen & Overy LLP
One Bishops Square
London
E1 6AD

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Qualifications

Professional

Admitted as barrister and solicitor, New Zealand, 2008

Registered foreign lawyer, England and Wales, 2020

Academic

University of Auckland, 2007 (LL.B (hons) and B.Com)

Experience highlights

Awards

Overall Best Securitization Law Firm of the Year

GlobalCapital, 2020

CMBS Law Firm of the Year

GlobalCapital, 2020