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A&O Shearman advises on the SRT-compliant cash securitization of Mediobanca Group for EUR900 million

A&O Shearman advises on the SRT-compliant cash securitization of Mediobanca Group for EUR900 million
A&O Shearman has advised Mediobanca – Banca di Credito Finanziario S.p.A., as Arranger and Joint Lead Manager, and BofA Securities, Crédit Agricole Corporate and Investment Bank, IMI - Intesa Sanpaolo, Societe Generale and UniCredit, in a public securitization of consumer loan portfolios originated by Compass Banca S.p.A., for an overall value of EUR 900m.

This is the second cash securitization structured by the Mediobanca Group in compliance with the regulatory requirements for significant risk transfer (SRT).

The A&O team advising on the regulatory and legal aspects of the transaction was led by partner Pietro Bellone, with the support of associate Aldo Brombin Tuzzato and trainee Anna Zanolli. The tax matters were dealt with by counsel Elia Ferdinando Clarizia and associate Doris Ceoromila. A group of lawyers based in Milan and London provided assistance on English law matters.

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