IFLR1000

321 Crédito €200 asset backed securitisation

1/4/2015
Asset Backed Securities (ABS)
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€ 200 million

$ 210.276 million

Completed

1/4/2015

Overview:

  • Portuguese consumer credit company 321 Crédito (formerly BPN Crédito) successfully undertook a €200 million securitisation of auto and consumer loans. 
  • Citibank acted as arranger and placed the transactions. 

John Crabb - Journalist 

Jurisdiction:

Portugal

Deal type:

Asset Backed Securities (ABS)

Practice area:

Capital markets : Structured finance and securitisation

Governing law:

Portugal

Industry sectors:

Financial services
Automotive

Firms:
Baker McKenzie

Party: Citibank (Arranger, Manager, Issuer)

K&L Gates

Party: 321 Crédito (Originator)

SRS Legal

Party: Citibank (Manager)

Party: 321 Crédito (Originator)

Party: Citi Corporate Trustee Company (Common Representative)

Lawyer: Alexandra Valente

VdA Vieira de Almeida

Party: Citibank (Arranger, Manager, Issuer)

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