Citigroup and Deutsche Bank advised by PLMJ on Ulisses Finance deal

PLMJ acted for Citigroup Global Markets and Deutsche Bank, in their capacity as joint lead managers, on the Ulisses Finance no. 1 deal, a Portuguese asset-backed security (ABS).

The deal involved the securitisation of a portfolio of car loans originating from 321Crédito (formerly BPN Crédito) with a value of around €150 million.

PLMJ coordinated the work of seven teams of lawyers and in-house counsel, including lawyers from DLA Piper, Baker & McKenzie, Ashurst, SRS Advogados and VdA Vieira de Almeida.

Lisbon-headquartered 321Crédito finances of the purchase of used cars. It has relationships with over 1,300 used car dealers in Portugal.