000			01563cam a2200301 4500
001			ABS67145
008			031028n2003 000 0 eng u
035			_a(Sirsi) u124067
100			_aCox, M.
245			_aPub securitisation: what next?
260			_c2003
490			_aJournal of Retail and Leisure Property _v3(2) 2003, 130-141(12)
520			_aProvides an introduction to the basic concept of pub securitisation, the method by which pubs increasingly are being financed. It summarises the history and processes of pub securitisation, gives an update on the market, looks at the securitisation of managed pubs, alternatives to securitisation and the potential impacts of the Enterprise Act 2002, which came into force on 15 September 2003. Concludes that pub securitisation is here to stay in a sector, which continues to consolidate and that the extension of securitisation to managed pubs will depend on the attractiveness of alternative sources of finance. Figures illustrate the pub sector issuance timeline, pub securitisation structure, sale and leaseback, sale and manage-back and the bank loan method.
590			_aABS
650			_aSECURITISATION
650			_aPUB SECURITISATION
650			_aMANAGED PUBS
650			_aENTERPRISE ACT 2002
650			_aSTRUCTURED FINANCE
650			_aCREDIT
650			_aCREDIT RISK
650			_aSALE AND LEASEBACK
650			_aSALE AND MANAGE-BACK
650			_aFINANCE
650			_aBANK LOANS
690			_aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY MARKET
942			_n0
999			_c73656 _d73656