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A&O Shearman advises Toyota Financial Services Italia on the second securitization on loans for eco-sustainable cars

A&O Shearman advises Toyota Financial Services Italia on the second securitization on loans for eco-sustainable cars
Published Date
Feb 4 2025

A&O Shearman has advised Toyota Financial Services Italia (TFSI) on its second public securitization of loans for eco-sustainable cars (Koromo Italy II), the first publicly placed transaction in Italy in 2025.

The value of the transaction is approximately EUR620 million. The senior notes – rated by Fitch and Moody’s and listed on the Euronext Access Milan Professional segment of Borsa Italiana – have been placed with qualified investors. The junior notes have been underwritten by TFSI. The transaction has been structured in compliance with the European rules on simple, transparent and standardized securitizations.

Pietro Bellone, partner, commented: “We are proud to have helped Toyota on this transaction. The energy transition critically depends on the support of the capital market, and the success of Koromo Italy II demonstrates that securitization is a vital tool for achieving eco-sustainability objectives”.

A&O Shearman team advising TFSI was led by partner Pietro Bellone, supported by associate Chiara D’Andolfo and trainee Luca Marchesini. Counsel Elia Ferdinando Clarizia advised on tax related matters.

A team of lawyers based in Milan and London have also provided assistance in relation to English law aspects.

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