British retail giant Marks & Spencer (M&S) is considering a securitization deal backed by its non-retail property portfolio, possibly including a lease securitization of its London headquarters.

"Securitization is an option that we are considering; one of the arrows in our quiver," said Jeff Denton, head of corporate finance at M&S. "We've traditionally gone to the capital markets with straight bonds, but we are aware of the different ways to raise finance, and securitization is one of them, especially where property is concerned."

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