Cases & Deals

  • Home
  • Practices
  • Santander Consumer Bank completes €500 million new STS securitization of auto loans and personal loans

Share

Santander Consumer Bank completes €500 million new STS securitization of auto loans and personal loans

October 2025

Client(s) Santander Consumer Bank

Jones Day advised Santander Consumer Bank in connection with a new securitization transaction established during 2025 of receivables arising from auto loans and personal loans originated by Santander Consumer Bank (member of the Banco Santander group) to its customers in Italy, having a nominal value of approximately €500 million.

The securitization was structured according to Law 130/1999 (the Italian securitization law) and in compliance with the requirements on "simplicity", "transparency", and "standardization" (STS) of the European regulations (EU Reg. 2017/2402). Prime Collateralized Securities (PCS) EU SAS acted as a third-party verifier of these requirements.

The asset-backed Notes were issued by the special purpose vehicle Golden Bar (Securitization) S.r.l. The Class A, B, C, D, E, and F Notes have been rated by DBRS and Fitch, listed on the Luxembourg Stock Exchange, and have been placed on the market. The Junior Notes (Class Z) did not obtain ratings, nor were they listed.

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.