UniCredit Bank has completed its first synthetic securitization transaction with the EBRD

UniCredit Bank has completed its first synthetic securitization transaction with the EBRD

Unicredit Bank S.A., a member of UniCredit Group, and EBRD further broaden their partnership in Romania by signing a synthetic securitisation deal.
The transaction envisaged a credit protection on the mezzanine tranche of a synthetic securitisation in the form of an unfunded guarantee. The underlying securitised portfolio of ca. € 775 million is a granular pool of small and medium-sized enterprise (SME) and corporate loans originated by UniCredit Bank S.A..
The transaction has been structured in such a way as to satisfy the requirements for significant risk transfer (SRT) under the European Union’s Capital Requirements Regulation and to achieve simple, transparent and standardised (STS) eligibility (subject to all customary approvals), promoting transparency and higher transaction standards.
The closing of the deal enables UniCredit Bank S.A. to enhance its...