Eurotunnel will achieve Single A ratings for its repackaged junior corporate debt, to be sold as £464.1m (€731m) and €771.9m ($660.7m) of asset-backed securities early in December.

Fixed-Link Finance (FLF), a bankruptcy-remote special purpose company incorporated in the Netherlands, will sell three classes of bonds, each with a sterling and a euro tranche, making six in all. The deal will be run by Dresdner Kleinwort Benson, which has also managed the public marketing of the transaction, and Merrill Lynch.