Cuatrecasas advises arranger on securitization of loans originated by SCF for acquiring automobiles in Spain
Cuatrecasas 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.