Alba sells a Italian lease securitisation across nation
Milan-based Alba Leasing has priced a €680m transaction, known as Alba 5 SPV Srl, which securitised a novel portfolio of diverse lease receivables backed by equipment, vehicles, real estate and transport assets.
The senior 450m class A tranche, rated A2 and A by Moodys Investors Service and Standard & Poors, respectively, priced at three month Euribor plus 150bp late last week. The unrated 230m class B tranche was not sold. The deal was arranged by Banca IMI.
Alba a unit
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