Hogan Lovells advises Stellantis Bank on auto lease securitisations worth over one billion Euros

To finance the purchase of the auto leases and vehicle residual values, a Luxembourg based securitisation company issued notes in seven tranches in an aggregate nominal amount of EUR 1,010,000,000, the highest of which was rated AAA (sf) by Moody’s and DBRS. All trances were placed with investors.

The transaction was verified as being simple, transparent and standardised under the European Securitisation Regulation by PCS and qualifies as significant risk transfer for the purposes of the European Capital Requirements Regulation.

Hogan Lovells team for Stellantis Bank

Dr. Sven Brandt (Partner), Sebastian Oebels (Counsel), Leyla Memis (Senior Business Lawyer), Didem Savas (Senior Projects Associate), Theresa Bart (Associate) (Capital Markets, Frankfurt); 

Sharon Lewis (Partner), Ailsa Davis (Counsel), Joanna Veitch (Associate) (Capital Markets, Paris); 

Dr. Heiko Gemmel (Partner), Vanessa Rinus (Associate) (Tax, Dusseldorf);

Ariane Mehrshahi (Partner), Agnes Merz, Valérie Laskowski, Carla Valdés Cortés (Senior Associates) (Capital Markets, Luxembourg); 

Gérard Neiens (Partner), Jean-Philippe Monmousseau (Counsel), Michèle Aké (Associate) (Tax, Luxembourg);

Laura Asbati (Partner), Julie Toux (Associate) (Capital Markets, Paris).