News

PLMJ advises Banco CTT and 321 Crédito on a car financing securitisation deal

29/09/2021

PLMJ advised Banco CTT and the CTT group's subsidiary 321 Crédito - Instituição Financeira de Crédito, in an operation to securitise a car loans portfolio for €250 million. This operation will allow the volume of risk weighted assets to be reduced by €185 million euros and the securitisation operation was more than double the offer.

 The PLMJ team that advised on the transaction was headed by Gonçalo dos Reis Martins, a partner in PLMJ's Banking and Finance and Capital Markets practice. The other members of the team were Kathleen Hoffmann Barley and Francisca Resende Gomes.

 Gonçalo dos Reis Martins, PLMJ, a partner with the Firm's Banking and Finance and Capital Markets practice area: "We are extremely pleased to have been able to assist the Banco CTT group in yet another securitisation operation. This one was particularly complex as it was a market operation in which we had to meet legal and regulatory requirements, particularly the STS and capital release criteria".

Keep up to date

Please note, your browser is out of date.
For a good browsing experience we recommend using the latest version of Chrome, Firefox, Safari, Opera or Internet Explorer.