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Alba Leasing completes new securitisation of performing loans for €833.73 million

May 2024

Client(s) Alba Leasing S.p.A.

Jones Day advised Alba Leasing in a new securitisation of financial leases receivables originated by Alba Leasing S.p.A. with a total nominal value of approximately €833.73 million. The transaction was structured by Banca Akros and Intesa Sanpaolo - IMI CIB Division and was carried out by the securitisation company Alba 14 SPV through the issuance of three classes of securities (senior, mezzanine, and junior). The senior and mezzanine securities were rated by Moody's and Morningstar DBRS and were admitted to trading on the professional segment of Euronext Access Milan of Borsa Italiana.

The transaction was structured in accordance with the European regulation on “simple, transparent, and standardised” (STS) securitisations under Regulation (EU) 2402/2017. Prime Collateralised Securities (PCS) EU SAS acted as the third party verifier of these requirements.

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