Legal DealFolio - Santander Consumer Finance Finnish Auto Loan Securitisation

Slaughter and May advised Santander Consumer Finance Oy (SCF) as originator and Santander Global Banking & Markets (SGBM) as arranger in relation to the first ever publicly offered Finnish auto loan ABS transaction. The transaction involved the issuance of EUR 439,000,000 fixed rate Class A notes (the Class A Notes), EUR 48,800,000 fixed rate Class B notes (the Class B Notes) and EUR 25,555,000 fixed rate Class C notes (the Class C Notes), in each case due 2021. The Class A Notes, the Class B Notes and the Class C Notes were issued on 9 October 2013 by SCF Rahoituspalvelut 2013 Limited (the Issuer), a newly-incorporated company. The Class A Notes were publicly offered, with Bank of America Merrill Lynch, Citigroup Global Markets Limited and SGBM acting as joint lead managers (the Joint Lead Managers). The Class B Notes and the Class C Notes were issued to SCF. The Class A Notes are ECB eligible and received the PCS label. The Class A Notes and the Class B Notes are listed on the Irish Stock Exchange. The Class A Notes have been rated AAAsf by Fitch Ratings and Aaa(sf) by Moody's and the Class B Notes have been rated Asf by Fitch Ratings and A2(sf) by Moody's. The Class C Notes are unlisted and have not been rated. The Issuer has appointed SCF as servicer in respect of the portfolio. Financing: Richard Jones (partner), Rachael Pape (associate), Sam Oliver (associate); Tax: Sara Luder (partner), James Olsen (associate).

Deal Date:	10-10-2013	Practice Area:	Debt Capital Markets
Deal Title:	Santander Consumer Finance Finnish Auto Loan Securitisation	Industry:	Banks
Description:	Slaughter and May advised Santander Consumer Finance Oy (SCF) as originator and Santander Global Banking & Markets (SGBM) as arranger in relation to the first ever publicly offered Finnish auto loan ABS transaction. The transaction involved the issuance of EUR 439,000,000 fixed rate Class A notes (the Class A Notes), EUR 48,800,000 fixed rate Class B notes (the Class B Notes) and EUR 25,555,000 fixed rate Class C notes (the Class C Notes), in each case due 2021. The Class A Notes, the Class B Notes and the Class C Notes were issued on 9 October 2013 by SCF Rahoituspalvelut 2013 Limited (the Issuer), a newly-incorporated company. The Class A Notes were publicly offered, with Bank of America Merrill Lynch, Citigroup Global Markets Limited and SGBM acting as joint lead managers (the Joint Lead Managers). The Class B Notes and the Class C Notes were issued to SCF. The Class A Notes are ECB eligible and received the PCS label. The Class A Notes and the Class B Notes are listed on the Irish Stock Exchange. The Class A Notes have been rated AAAsf by Fitch Ratings and Aaa(sf) by Moody's and the Class B Notes have been rated Asf by Fitch Ratings and A2(sf) by Moody's. The Class C Notes are unlisted and have not been rated. The Issuer has appointed SCF as servicer in respect of the portfolio. Financing: Richard Jones (partner), Rachael Pape (associate), Sam Oliver (associate); Tax: Sara Luder (partner), James Olsen (associate).
Financial Center:	London	Value:	500.01-1000.00
Advised Party:	Originator	Law Firm	Slaughter and May
Assets Jurisdiction	Finland	Issuer Jurisdiction	United Kingdom
Classification:	Securitisation and Structured Finance Auto Loans	Lawyer	Richard Jones

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers