Spain
Cuatrecasas advises arranger on securitization of loans originated by SCF for acquiring automobiles in Spain
December 28, 2022
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SubscribeCuatrecasas advised the arranger on the securitization transaction called Santander Consumer Spain Auto 2022-1 regarding a portfolio of loans originated by Santander Consumer Finance (SCF) for acquiring automobiles in Spain. The prospectus was registered with the Spanish Securities and Exchange Commission.
The asset-backed securities fund issued bonds worth €707 million that were divided into six classes with a maturity date of September 2038 and admitted for listing on the AIAF Spanish Corporate Debt Market.
“This securitization transaction shows the solidity of the asset-backed securities market in Spain,” stated Jaime de la Torre, partner of the Cuatrecasas Finance Practice that led the transaction with the participation of lawyers Jaime Juan Rodríguez, Jerónimo Poza and Ramiro Guisasola.
December 28, 2022
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