Agos’ second STS securitisation of the year, successfully placed

The senior, mezzanine and junior notes have been issued by the special purpose vehicle named Sunrise SPV Z80 S.r.l.. The senior notes, rated AA/AA(h) by Fitch and DBRS, having a value of 793.4 million euros, have also been placed on the market with institutional investors (a 5% portion of the tranche has been retained for risk retention purposes) with a request equal to twice the available securities.

This is the second Agos’ transaction to have obtained the STS status. The acronym STS is used by the new European regulation on securitisation, in force since January 2019, for "Simple, Transparent and Standardised securitisations" transactions, these quality criteria have also been assessed by the Prime Collateralised Securities (PCS) as third party verification agent.

Antonio Saba, Head of Financial Management of Agos, stated that: “This second successful result of the year confirms the confidence of the investors in the quality of the assets originated by Agos and projects the company as top issuer in the European public consumer ABS market”.

The transaction has been carried out with the contribution of Crédit Agricole Corporate & Investment Bank, as Joint Arranger, Joint Lead Manager and Sole Bookrunner, Banca Akros S.p.A. Banco BPM Group as Joint Arranger and Joint Lead Manager, as well as Mediobanca and Banca IMI as Joint Lead Managers. The legal aspects have been managed by the international firms Allen & Overy and Legance. Zenith Service acted as corporate servicer and Accounting Partners as Representative of the noteholders.

The list of STS transactions successfully notified to ESMA (European Securities and Markets Authority):

The list of transactions for which PCS has successfully completed the STS verification: