(Tiper Stock Exchange) – Mediobanca completes the placement of ABS Quarzo, a securitization of loans disbursed by Compass Banca, for a total of 450 million euro. With this transaction – reads a note – Compass returns to the institutional market after the public placement of March 2022 (Quarzo 2022), chronologically the last market transaction of an Italian issuer, consolidating the Group’s role among the most regular issuers in the segment at the European level. The issue was priced at 95 basis points above the 3-month Euribor rate.
The portfolio includes fixed-rate performing loans for a net amount of 700 million. The pool is made up of 63% of personal loans and the remainder of loans for the purchase of new cars (15%), used cars (13%) and special purpose loans (9%).
The bookbuilding processconcluded successfully, involved all the main European investors in the ABS area and the order book exceeded 700 million, a circumstance which made it possible to tighten the initial guidance by 5bps.
This transaction further demonstrates the Mediobanca Group’s ability to access funding on a constant basis and under competitive conditions, even in volatile market contexts, thanks to the wide availability of funding channels and instruments.