Alba Leasing S.p.A.: new securitisation of €1.11 bn leasing receivables

Banca Akros acted as Joint Arranger and Joint Lead Manager.

Banca Akros acted as Joint Arranger and Joint Lead Manager of Alba 12 SPV S.r.l. securitisation transaction, placed on the market in November 2021.

This is the second securitisation of leasing receivables originated by Alba Leasing S.p.A. under the new Simple, Transparent and Standardised (STS) rules, and the first securitisation of performing leasing receivables publicly placed in Italy this year.

Alba Leasing S.p.A. sold a portfolio of performing leasing receivables for approximately €1.11 billion. The portfolio is representative of Alba Leasing’s production mix in equipment (49.7%), real estate (28.0%) and vehicle/naval/train/aircraft sectors (22.3%), with a high level of granularity and geographical diversification.

The transaction was announced to the market on 2^nd of November 2021. The book was covered 2 times and the transaction benefited from good diversification both in terms of geography and types of investors.

Thanks to this latest transaction, Banca Akros has also strengthened its prominent position in the securitisation market and remains a reference point for Italian financial intermediaries interested in optimising their asset financing.

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