Findomestic Banca (BNPP group) completes €800 million SRT securitization

Client(s) Findomestic Banca S.p.A. (BNPP group)

Jones Day advised Findomestic Banca S.p.A. (BNPP group) in connection with a €800 million public securitization of auto loan receivables originated by Findomestic Banca (BNPP group). The securitization has been made both for funding and capital relief purposes. BNPP acted as arranger and joint lead manager. The class A, B, C, D, and E notes issued by the special purpose vehicle Autoflorence 2 S.r.l. have been assigned a rating from Fitch and S&P and, together with the class F notes, have been listed on the Luxembourg Stock Exchange. Part of the class A notes, as well as the notes of all other classes except for the risk retention portion retained by the originator, have been placed on the market.