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.