22 June 2021
Banca Finint in the “green” securitisation carried out by Glennmont, Banco BPM and Banca Akros
A "green" securitisation operation carried out by GLENNMONT PARTNERS I LIMITED, Banco BPM and Banca Akros for a value of 25.6 million euros, guaranteed by a portfolio of renewable energy plants with an installed capacity, has recently been completed total of 110 Mw.
As part of the transaction, the securitisation vehicle company issued ABS securities which were subscribed by BPM and Glennmont and the proceeds of which were used to refinance the acquisition of a portfolio of project finance loan agreements intended for the realization of solar and wind power plants in Italy.
Banca Finint acted as regulatory sponsor of the transaction, underwriting a 5% share of each tranche of the securities issued, as well as in the roles of Servicer, Corporate Servicer, Computation Agent and Representative of the Bondholders of the SPV.
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