Cuatrecasas advises Banco Santander on “Santander Consumo 9” securitization, mobilizing credit to companies and households
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SubscribeCuatrecasas has advised Banco Santander and Santander de Titulización on the recent “Santander Consumo 9” securitization transaction, grouping together a consumer loan portfolio in Spain worth €1,421 million. The prospectus was registered with the Spanish Securities and Exchange Commission in accordance with the applicable regulations.
The bonds issued by the fund have been admitted to listing on the Spanish Corporate Debt Market of the Spanish Stock Exchanges and Markets. The transaction enables Banco Santander to mobilize credit to companies and households, and meets the requirements to be classified as “simple, transparent and standardized” (STS) under European securitization regulations.
Jaime de la Torre (Finance, Capital Markets) led the transaction and said: “Transactions like this reinforce market confidence in securitization as a key tool for wholesale financing.” The advisory team was also led by Jaime J. Rodríguez, Cristina Leach and Álvaro Heras, in cooperation with Rebeca Rodríguez and Javier Calle (Financial Taxation Practice).
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