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Allen & Overy with Intesa Sanpaolo and Banca Akros in a securitisation of lease receivables assisted by the Central Fund guarantee

Allen & Overy has advised Intesa Sanpaolo (IMI CIB Division) and Banca Akros (Gruppo Banco BPM), as co-arrangers, on a securitisation of receivables arising from leases granted by Banca Privata Leasing to small and medium enterprises.

The notes have been issued in partly-paid format to finance the purchase of portfolios, part of which are assisted by the Central Fund guarantee, up to a maximum amount of EUR260 million.

Allen & Overy has acted with a team comprising partner Pietro Bellone and senior associate Martina Gullino. Counsel Elia Ferdinando Clarizia and associate Simona Simone have provided assistance on the tax aspects of the transaction.

The notes have been issued in partly-paid format to finance the purchase of portfolios, part of which are assisted by the Central Fund guarantee, up to a maximum amount of EUR260 million.

Allen & Overy has acted with a team comprising partner Pietro Bellone and senior associate Martina Gullino. Counsel Elia Ferdinando Clarizia and associate Simona Simone have provided assistance on the tax aspects of the transaction.

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