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Allen & Overy with Intesa Sanpaolo and Banca Akros in a securitisation of lease receivables assisted by the Central Fund guarantee

Allen & Overy has advised Intesa Sanpaolo (IMI CIB Division) and Banca Akros (Gruppo Banco BPM), as co-arrangers, on a securitisation of receivables arising from leases granted by Banca Privata Leasing to small and medium enterprises.

The notes have been issued in partly-paid format to finance the purchase of portfolios, part of which are assisted by the Central Fund guarantee, up to a maximum amount of EUR260 million.

Allen & Overy has acted with a team comprising partner Pietro Bellone and senior associate Martina Gullino. Counsel Elia Ferdinando Clarizia and associate Simona Simone have provided assistance on the tax aspects of the transaction.