Banca Italease Structures Mixed-Bag ABS

07 Oct 2008

Milan-based Banca Italease has put together an €894 million ($1.2 billion) asset-backed securities deal known as Pami Finance.

--Cristina Pittelli

Milan-based Banca Italease has put together an €894 million ($1.2 billion) asset-backed securities deal known as Pami Finance. The deal is backed by real estate equipment, aero-naval and auto lease contracts, 35% of which were originated by the bank, and the remainder by its subsidiaries Mercantile ...

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