Cuatrecasas 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 vehicle financing loans in Spain worth €750,000,000. The transaction prospectus has been filed with the 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 Bolsas y Mercados Españoles (BME). Furthermore, 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 a relevant financing alternative,” highlights Jaime de la Torre, lawyer in the Financial Group at Cuatrecasas and lead on the transaction, together with Jaime J. Rodríguez Lozano and Álvaro Heras.
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