UniCredit Leasing €230.9 million Success 2015 ABS

Overview:

• UniCredit Leasing Austria securitised €230.9 million in auto loans it originated, issuing notes through Success 2015 ABS, a Netherlands SPV.
• European Investment Bank (EIB) has purchased the notes. 
• Under the the terms of EIB's investment, in the two years following the deal Unicredit will use the funds generated from the transaction to provide medium-term and long-term lease financing to borrowers (predominately SMEs) on attractive terms.

Ben Naylor - Regional editor