Allen Overy advises Agos on a EUR920 million securitisation

Allen & Overy advised Agos Ducato in relation to the securitisation of performing consumer loan receivables with a value of EUR920 million, 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 and Joint Lead Managers, while Bank of America, Intesa Sanpaolo and UniCredit acted as Joint Lead Managers in the transaction.

The senior and mezzanine notes issued by the special purpose vehicle Sunrise SPV 50 S.r.l. have been rated by DBRS and Fitch and were admitted to listing on the Luxembourg Stock Exchange. The class A1 notes were placed with institutional investors.

The A&O team was led by partner Pietro Bellone, supported by associate Chiara D’Andolfo. Partner Francesco Guelfi and counsel Elia Ferdinando Clarizia advised on tax-related matters.

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