"Cuatrecasas Advises Banco Santander on €1.421 Billion Consumer Loan Securitization"

"Cuatrecasas has advised Banco Santander and Santander de Titulización on the €1.421 billion securitization transaction, "Santander Consumo 9," involving consumer loans in Spain. The bonds issued by the fund are now trading on the AIAF fixed income market and meet the EU's STS (simple, transparent, standardized) criteria under the Securitization Regulation."

Cuatrecasas provided legal advice to Banco Santander and Santander de Titulización in the securitization transaction known as ‘Santander Consumo 9’. The transaction involved the securitization of a portfolio of consumer loans in Spain worth €1.421 billion. The bonds issued by the fund have been admitted to trading on the AIAF fixed income market of Bolsas y Mercados Españoles (BME). This transaction complies with the European Union’s Securitization Regulation and meets the criteria to be classified as STS (simple, transparent, and standardized). The prospectus for the transaction has been registered with the CNMV in accordance with applicable regulations, enabling Banco Santander to mobilize credit for businesses and families. The transaction was led by Jaime de la Torre, a lawyer in the Financial and Capital Markets group, alongside Jaime J. Rodríguez Lozano, Cristina Leach, and Álvaro Heras. They were supported by Rebeca Rodríguez and Javier Calle from the Financial Taxation team.

"Cuatrecasas Advises Banco Santander on €1.421 Billion Consumer Loan Securitization"

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