UniCredit on a maxi-securitization of credits from personal loans for EUR4 billion
Baker & McKenzie and Riolo Calderaro Crisostomo have respectively assisted UniCredit SpA (as originator) and UniCredit Bank AG (as arranger) in relation to the securitization of receivables arising from personal loans for a value of approximately EUR 4 billion. The securitization was financed through the issuance of asset-backed securities listed on the Luxembourg Stock Exchange and structured as a guarantee, in order to comply with the monetary policy operations of UniCredit at the European Central Bank.”
The Baker & McKenzie team was coordinated by counsel Carlo Lichino and assisted by associate Markus Woetzel. Counsel Francesco Florenzano provided support on aspects related to tax law. The RCC team was coordinated by partner Marcello Maienza, aided by counsel Camilla Giovannini and Salvatore Sardo. Maisto e Associati Law Firm (with a team led by partner Riccardo Michelutti, assisted by Mauro Messi and Irene Sarzi) provided assistance on tax issues.