Cases & Deals

Banca Sistema and Credit Agricole Corporate and Investment Bank act as co-arrangers in third CQS securitization of Banca Sistema

Clients Banca Sistema S.p.A. and Credit Agricole Corporate and Investment Bank

Jones Day advised Banca Sistema S.p.A. and Credit Agricole Corporate and Investment Bank, as co-arrangers, in the third CQS securitization of Banca Sistema. In particular, in the context of the transaction, Quinto Sistema Sec. 2019, a special purpose vehicle established pursuant to and in accordance with the provisions set forth under Italian law 130/99, issued three classes of asset-backed securities (ABS) with a partly paid structure, having an initial principal amount of approximately €152 million, which may be increased up to €780 million during the ramp-up period.