Cuatrecasas advises on the launch of Sabadell Consumer Finance’s first securitization of vehicle loans

Cuatrecasas has advised the Joint Lead Managers in the new securitization transaction of Sabadell Consumer Finance, which has been named “Sabadell Consumer Finance Autos 1” and integrates a portfolio of loans for the acquisition of vehicles in Spain. The corresponding prospectus has recently been registered with the CNMV in accordance with the Prospectus Regulation.

The securitization fund has issued bonds in the amount of €659,500,000 which have been admitted to trading on the AIAF fixed income market of Bolsas y Mercados Españoles (BME). It should be noted that this securitization has obtained the “STS” label (simple, transparent and standarised) under the Securitization Regulation.

“The securitization market in Spain continues to show signs of solidity,” says Jaime de la Torre, partner in Cuatrecasas’ Finance practice who led this transaction, with the support of lawyers Jaime Juan Rodríguez and Iván Wesolowski.