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IBL Banca issues Series 18 asset-backed securities for €700 million co-arranged by Intesa Sanpaolo and UniCredit

March 2026

Client(s) IBL Istituto Bancario del Lavoro S.p.A.

Jones Day advised IBL Banca, Intesa Sanpaolo and UniCredit, as co-arrangers, in connection with the issuance of series 18 of asset-backed notes under the Marzio Finance securitisation programme, launched by IBL Banca in 2017 through the special purpose vehicle Marzio Finance. The eighteenth series of asset-backed securities was issued for a total amount of approximately €700 million.

The Class A notes (approximately €666.5 million) were partially subscribed by Intesa Sanpaolo and UniCredit through a private placement, while the Class B and Class J notes (approximately €48.5 million and €29.7 million, respectively) were fully subscribed by IBL Banca.

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