(Finance) – Mediobanca has the placement of the Quartz ABS has been completed, securitization of loans disbursed by Compass Banca, for a total of € 528 million. The issue was priced 70 basis points above the 3-month Euribor rateexplains a note from the merchant bank. The operation was successfully concluded despite the period of volatility linked to the geopolitical tensions in progress.
The process of bookbuilding involved all the main European investors in the ABS sector and the order book exceeded 850 million euros, which allowed for tighten initial guidance of 10bps.
“This transaction further testifies to the Mediobanca group’s ability to access funding at competitive levels even in volatile market conditions, thanks to the wide availability of funding channels and instruments”, he underlined.