19/12/2023 Deals

We are pleased to have advised MUFG Securities (Europe) N.V. and BNP Paribas, as co-arrangers of Finance Ireland Credit Solutions DAC’s inaugural EUR 250 million auto asset-backed security transaction.

The Arthur Cox team was led by Cormac Kissane and included Neil Murphy and Luke Lyons (Debt Capital Markets) and Fintan Clancy and Cristina Susanu (Tax).

The transaction, which was governed by Irish law and is intended to qualify as a simple, transparent and standardised (STS) securitisation, is the largest ever in the Irish auto loan market.

Read more here.