Sabadell Consumer Finance launches its first securitization of auto loans

2023-10-19T12:31:00
Spain

Cuatrecasas advises the joint lead managers on launching the securitization fund Sabadell Consumer Finance Autos 1, FT

Sabadell Consumer Finance launches its first securitization of auto loans
October 19, 2023
Cuatrecasas has advised the joint lead managers of Sabadell Consumer Finance’s new securitization transaction, Sabadell Consumer Finance Autos 1, FT, with a loan portfolio for the purchase of vehicles in Spain. The prospectus was recently registered with the Spanish Securities and Exchange Commission under the Prospectus Regulation.

The asset-backed securities fund has issued bonds worth €659,500,000 that have been admitted to listing on the Spanish Corporate Debt Market (AIAF) of the Spanish stock exchanges and markets (BME). Notably, this securitization has obtained the "STS" label (Simple, Transparent and Standardised) under the Securitization Regulation.

“The Spanish securitization market continues to show signs of strength,” said Jaime de la Torre, the Cuatrecasas Finance partner who led this transaction, with the support of lawyers Jaime Juan Rodríguez and Iván Wesolowski.

October 19, 2023