31 December 2020
Banca Finint with UniCredit and AREC (Aurora REcovery Capital S.p.A.) in the Sandokan 2 securitisation of Euro 908 million
The issue of a first tranche of securities of the Sandokan 2 Project was completed, securitisation carried out by the vehicle Yanez SPV which provides for the sale of a portfolio of € 908 million of mortgage loans (mainly UTPs) granted by UniCredit.
The investors who signed the notes are Unicredit, Pimco and GWM, while Aurora Recovery Capital (AREC) acts as Asset Manager and Special Servicer of the securitisation.
The operation replicates the previous one, Sandokan 1, undertaken four years ago by the same counterparties.
Banca Finint assumed the roles of Master Servicer, Corporate Servicer, Calculation Agent and Representative of Noteholders of the securitisation vehicle. Banca Finint also acts as Sponsor with reference to New Finance, in relation to the Sandokan and Sandokan 2 transactions.
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