Editorial

04 Jul 2014 Santander Consumer Bank Polish Auto Securitisation

Santander Consumer Bank Polish Auto Securitisation - Santander's Polish consumer finance business has closed a notable securitisation of auto loan receivables. Securitisation in Poland has been inhibited by a restrictive tax regime and legal complexities, however a handful of institutions have managed to issue successfully (the last one being Getin Bank). The Polish zloty transaction's Class A notes was rated by Fitch and Moodys and listed on the Irish Stock Exchange. (Hogan Lovells advised the Arrangers). 

Financial Centre : Warsaw
Law Firm : Hogan Lovells
Lawyer : Piotr Zawislak

Practice Area : Debt Capital Markets
Classification : Securitisation and Structured Finance
Sub-classification : Auto Loans
Industry : Financial Services

Advised Party : Arranger
Value USD Equiv: 100.01-500.00M

Assets Jurisdiction : Poland
Issuer Jurisdiction : Poland