Cuatrecasas advises CaixaBank on the launch of a €2.039 billion loan securitisation

Cuatrecasas has advised CaixaBank on the recent securitisation transaction called “CaixaBank Consumo 7”, a securitisation fund that pools a portfolio of consumer loans. The transaction prospectus has been registered with the CNMV in accordance with applicable regulations, within the framework of a securities issue, for an amount of €2.039 billion distributed across six classes of bonds.

The bonds issued by the securitisation fund have been admitted to trading on the AIAF fixed income market of Bolsas y Mercados Españoles (BME). The transaction, which will enable CaixaBank to mobilise credit for businesses and households, meets the requirements to be considered STS (simple, transparent and standardised) in accordance with the European Union’s Securitisation Regulation.

Jaime de la Torre, a lawyer in the Financial Group/Capital Markets team, led the transaction, together with Jaime J. Rodríguez Lozano, Ignacio Rebollo and Carles Calzado. Rebeca Rodríguez and Javier Calle from the Financial Taxation team, Miguel Sánchez and Rosa María Coloma from Financial Regulation, Estefanía Portillo and Teresa Corral from Litigation, and Miguel Gómez from Arbitration also collaborated in providing advice.