Allen & Overy has advised Agos Ducato in relation to a securitisation of the performance of consumer loan receivables with a value of EUR1.2 billion carried out in accordance with European regulations on “simple, transparent and standardised” securitisations (STS). Crédit Agricole Corporate and Investment Bank and Banca Akros (Gruppo Banco BPM) acted as joint arrangers in the transaction.
The senior and mezzanine notes issued by the special purpose vehicle Sunrise SPV 24 S.r.l. have been rated by DBRS and Fitch and were admitted to listing on ExtraMOT PRO market of Borsa Italiana. The notes were fully subscribed for by Agos.
The A&O team was led by partner Stefano Sennhauser and counsel Pietro Bellone, supported by associates Chiara D’Andolfo and Pietro Milanesi. Partner Francesco Guelfi and counsel Elia Ferdinando Clarizia, together with associate Simona Simone, advised on tax-related matters.
