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Allen & Overy advises on Agos EUR1.133 billion STS securitisation

Allen & Overy has advised in relation to a securitisation transaction of performing consumer loan receivables with a value of approximately EUR1.133 billion carried out by Agos Ducato in accordance with European regulations on "simple, transparent and standardised" securitisations (STS).

The senior and mezzanine securities issued by the special purpose vehicle Sunrise SPV 94 S.r.l. have been rated by DBRS and Fitch and have been listed on the Luxembourg Stock Exchange. The securities were fully subscribed by Agos.

Allen & Overy advised Crédit Agricole Corporate and Investment Bank and Banca Akros (Banco-Bpm group), as joint arrangers, with a team led by partner Stefano Sennhauser and counsel Pietro Bellone, supported by associate Chiara D'Andolfo and trainee Aldo Brombin Tuzzato. Partner Francesco Guelfi and senior associate Elia Ferdinando Clarizia, together with associate Lino Ziliotti advised on tax-related matters.