Cuatrecasas advises on Sabadell Consumer Finance Autos 2 securitization worth €750 million
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SubscribeCuatrecasas has acted as legal advisor on the recent securitization transaction promoted by Sabadell Consumer Finance, called “Sabadell Consumer Finance Autos 2,” which pools a portfolio of auto financing loans in Spain worth €750 million. The transaction prospectus has been filed with the Spanish Securities and Exchange Commission (CNMV) in accordance with the applicable regulations.
The bonds issued by the fund have been admitted for trading on the AIAF fixed-income market of the Spanish Stock Exchanges and Markets (BME). Also, the transaction meets the requirements to be considered STS (Simple, Transparent, and Standardized) under the Securitization Regulation.
With this transaction, Sabadell Consumer Finance positions itself as a recurring issuer, diversifies its financial resources, and enhances its financial autonomy.
“Securitization is consolidating in Spain as an important financing alternative,” highlights Jaime de la Torre, lawyer in the Cuatrecasas Finance Practice and lead on the transaction, together with Jaime J. Rodríguez Lozano, and Álvaro Heras.
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