Unoenergy (formerly Unogas Energia): first securitisation of trade receivables

Banca Akros acted as Arranger in the first securitisation of trade receivables of Unoenergy Spa.

The securitisation programme, with a maximum revolving amount of Euro 50 million, concerns performing trade receivables originated by Unoenergy as part of its natural gas and electricity supply business.

Banco BPM has held the roles of Senior Noteholder, Sponsor and Account Bank.

The securitisation of trade receivables is confirmed as an alternative and flexible financial instrument for companies, aimed at optimising working capital management, diversifying the funding mix and transferring credit risk of trade receivables portfolios off-balance sheet.

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