Linklaters has once again advised auxmoney on the issuance of a social bond. This is the fifth ABS transaction of the fintech company and its second public securitisation in 2024 with a volume of 500 million euros that the law firm is advising on. The transaction, known as “Fortuna Consumer Loan ABS 2024-2”, increases auxmoney’s total issuance volume in the public capital markets to over €2 billion. The fintech company is leading in Europe with its digital platform for consumer loans.

The AAA-rated Class A bonds issued follow the Social Bond Principles of the International Capital Market Association (ICMA), as certified by Sustainable Fitch in a second party opinion. This underscores auxmoney’s commitment to promoting social and financial inclusion. Through a differentiated risk assessment, the company can both improve access to loans and reduce the risk and cost of lending. All placed tranches were several times oversubscribed. The securities are listed on the Luxembourg Stock Exchange.

Linklaters provided advice under the leadership of Jördis Heckt-Harbeck (Counsel, Capital Markets, Frankfurt) and Dr Kurt Dittrich (German Senior Partner).

Further team members were Dr Christian Storck (Partner and Global Head of Capital Markets, Capital Markets, Frankfurt), Dr Burkhard Rinne (Partner, Capital Markets, Frankfurt), Dr Ulrich Johann (Counsel, Tax, Frankfurt), Michael Deane (Managing Associate, Capital Markets, Frankfurt), Arthur Weilert (Associate, Tax, Frankfurt) and Helena Obenheimer (Transaction Lawyer, Capital Markets, Frankfurt).

Linklaters has been regularly advising auxmoney since 2019. The team led by Jördis Heckt-Harbeck and Kurt Dittrich already advised on the first public securitisation of brokered consumer loan receivables by auxmoney.