Alba Leasing securitisation: our role as Joint Arranger and Joint Lead Manager

IMI Corporate & Investment Banking Division was involved as Joint Arranger and Joint Lead Manager in the STS eligible securitisation of leasing receivables ("Alba 12") originated by Alba Leasing S.p.A. ("Alba"), a company specialising in finance and capital leases.

Alba offered for placement 95% of tranche A1 for an amount of approximately EUR 451M, at a yield of Euribor3M + 36bps and issued above par.

The transaction attracted so much interest from domestic and international investors that the book was subscribed 1.4x the final amount issued.

Alba 12 is the first Italian securitisation with underlying leasing placed publicly in 2021.