Arsenal Football Club (AFC) is planning to securitize GBP260 million ($476 million) of fixed- and floating-rate notes backed by future revenues from ticket sales. The proceeds will be used to refinance its new 60,000 capacity stadium in North London. It's the first time a football deal is financed via the public market.

Barclays Capital and Royal Bank of Scotland are leading the deal and providing liquidity and swaps. Ambac Assurance U.K. is wrapping the transaction triple-A.

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