Global law firm Ashurst has advised Banco Santander and Bank of America as Arrangers on the EUR 800,000,000 issuance of notes by SC Austria S.a r.l., Compartment Consumer 2025-1. The notes are backed by a portfolio of unsecured consumer loan receivables originated and sold by Santander Consumer Bank to the Issuer.
The securitisation involved the placement of all classes of notes in the market, achieving both funding and capital optimisation through regulatory capital relief. The notes were assigned ratings by Fitch Ratings and Moody's Deutschland GmbH and were listed on the Luxembourg Stock Exchange.
The Ashurst team was led by securitisation partner Tauhid Ijaz, supported by associate Zoltan Honfi and solicitor apprentice Charlie Brock.
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