Ashurst advises on €800 million full-stack consumer loan securitisation for Santander Consumer Bank

"Ashurst advised Banco Santander and Bank of America (Arrangers) on a €800,000,000 issuance of notes by SC Austria S.a r.l., Compartment Consumer 2025-1, backed by unsecured consumer loan receivables originated and sold by Santander Consumer Bank. All classes of notes were placed, delivering funding and regulatory capital relief; the notes were rated by Fitch and Moody's Deutschland and listed in Luxembourg."

Ashurst advised Banco Santander and Bank of America as Arrangers on the EUR 800,000,000 issuance of notes by SC Austria S.a r.l., Compartment Consumer 2025-1. The issuance comprised a full‑stack consumer loan securitisation backed by a portfolio of unsecured consumer loan receivables originated and sold by Santander Consumer Bank to the issuer. The transaction involved the placement of all classes of notes in the market and achieved both funding and capital optimisation through regulatory capital relief. The notes were assigned ratings by Fitch Ratings and Moody's Deutschland GmbH and were listed on the Luxembourg Stock Exchange. Ashurst represented Banco Santander and Bank of America (Arrangers) with a team composed by: Tauhid Ijaz (partner, securitisation), Zoltan Honfi (associate) and Charlie Brock (solicitor apprentice).

Ashurst advises on €800 million full-stack consumer loan securitisation for Santander Consumer Bank

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