Ireland: The Leading Jurisdiction for Special Purpose Vehicles

Ireland is a leading jurisdiction for incorporating debt issuance Special Purpose Vehicles (SPVs) used in structured finance and capital markets transactions.

The Central Bank of Ireland (CBI) produces regular statistical reports in relation to the number of SPVs domiciled in Ireland and the quantum and variety of assets they hold. The CBI's data shows that as of Q4-2021, Irish SPVs represented over 30% of euro area securitisation vehicles and over 26% of euro area assets of such vehicles.

A number of factors combine to make Ireland so popular for SPV establishment. Daragh O’Shea, head of our Debt Capital Markets and Structured Finance team outlines why this is, and why this may be of interest to you.