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Banca Nuova securitizes portfolio of contributions owed by the Sicily Region

November 2006

Clients BANCA NUOVA S.p.A.

Jones Day provided advice to Banca Nuova S.p.A. in connection with the €61.6 million (US$81 million) securitization of a portfolio of contributions owed by the Sicily Region to certain Sicilian enterprises. Rubino Finance S.r.l. was assigned the contributions and issued the asset-backed securities which were listed on the Irish Stock Exchange.

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