Linklaters advises UniCredit on a €750-million securitisation transaction of French consumer loans

Linklaters has advised UniCredit Bank AG as Co-Arranger in the €750 million Class A Notes issued on 28 July 2021 by the French fonds commun de titrisation "BPCE Demeter Tria FCT" (the “FCT”), a securitisation transaction of French consumer loans originated by entities of the BPCE group and transferred to the FCT by way of financial collateral arrangements governed by articles L. 211-38 et seq. of the French code monétaire et financier. The Class A Notes are rated AAAsf (Fitch)/Aaa(sf) (DBRS) and are listed on Euronext Paris. The transaction was notified to ESMA as "STS" (simple, transparent, and standardized) in accordance with the EU Regulation 2017/2402.

The Linklaters team was composed of Patrice Doat (Partner), assisted by Guillaume Malaty (Managing associate) from the Structured Finance team.