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Alba Leasing completes new securitization transaction of performing lease portfolio for €906.15 million

May 2025

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

Jones Day advised Alba Leasing, a financial lease company, in connection with a new securitization transaction of receivables deriving from financial lease contracts having an aggregate nominal value of about €906.15 million. The transaction was structured by Banca Akros (Banco BPM Group) and Intesa Sanpaolo – IMI CIB Division and was carried out by the securitization company Alba 15 SPV through the issuance of three classes of asset backed notes (senior, mezzanine, and junior). The senior and mezzanine notes were rated by Moody's, Morningstar DBRS, and Fitch and were admitted to trading on the professional segment of Euronext Access Milan. The transaction was structured in accordance with the European regulation on “simple, transparent, and standardized” securitizations (STS) under Regulation (EU) 2402/2017. Prime Collateralised Securities acted as a third-party verifier of these requirements.

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