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Slaughter and May advised Aviva plc and Aviva Annuity UK Limited, a wholly-subsidiary of Aviva plc, on an invitation to tender under which Aviva Annuity UK Limited accepted for purchase approximately £130 million in aggregate nominal amount of mortgage backed notes issued by Equity Release Funding (No.3) plc, Equity Release Funding (No.4) plc and Equity Release Funding (No.5) plc. Morgan Stanley & Co. International plc acted as dealer manager to the invitation to tender and Lucid Issuer Services Limited as the tender agent. The invitation to tender closed on 12 April. Stephen Powell (partner), Alex Biles (associate)
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