IFLR1000

Sagres €646.3 million auto securitisation

21/7/2015
Asset Backed Securities (ABS), Securitisation
Select tab

€ 646.3 million

$ 694.661 million

Completed

21/7/2015

Overview:

  • Sagres – Sociedade de Titularização de Créditos, a subsidiary of Citigroup, issued €500 million class A asset-backed fixed rate notes and €146.3 class B asset backed notes due 2038. 
  • This was the first ever securitisation for Banco Credibom as originator. 
  • Crédit Agricole – Corporate and Investment Bank acted as sole arranger and sole lead manager. 

John Crabb - Journalist 

Jurisdictions:

France
Portugal

Deal types:

Asset Backed Securities (ABS)
Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Industry sectors:

Consumer goods and services
Financial services
Automotive

Firms:
Fidal

Party: Crédit Agricole Corporate and Investment Bank (Arranger, Lead manager)

K&L Gates

Party: Crédit Agricole Corporate and Investment Bank (Arranger, Lead manager)

PLMJ

Party: Sagres (Issuer)

Lawyers: Andre Figueiredo, Hugo Rosa Ferreira (moved in-house)

SRS Legal

Party: Crédit Agricole Corporate and Investment Bank (Arranger, Lead manager)

Lawyer: William Smithson

VdA Vieira de Almeida

Party: Banco Credibom (Originator)

Lawyer: Paula Gomes Freire

Related deals