IBL Banca issues Series 17 asset-backed securities for €384 million co-arranged by UniCredit Bank AG

Client(s) IBL Istituto Bancario del Lavoro S.p.A. and UniCredit Bank AG

Jones Day advised IBL Banca and UniCredit Bank AG, as co-arrangers, on the issuance of Series 17 of asset-backed securities in the context of Marzio Finance securitization program, launched by IBL Banca in 2017 through the special purpose vehicle Marzio Finance. The asset-backed securities of the seventeenth series were issued for a total amount of approximately €384 million.

The Class A Notes and Class B Notes were rated by Moody's and Scope and listed on the Luxembourg Stock Exchange. The Class A Notes were subscribed by third party investors while the Class B Notes were subscribed by IBL Banca itself. Conversely, Class J securities did not obtain ratings, nor were they listed and were subscribed by the same IBL Banca.