White & Case has advised the European Investment Fund as guarantor on a securitization by Alior Leasing sp. z o.o., the leasing subsidiary of the Alior Bank Group.
The securitized portfolio consists of Polish lease receivables with a total value of PLN 500 (approximately EUR 116.3 million).
According to White & Case, “the guarantee provided by the EIF, which is the ultimate risk-taker of the notes, made it possible for international investors to participate in the securitization. Notes issued by the Issuer were acquired by ING Bank Slaski S.A. The transaction was arranged jointly by UniCredit Bank AG and ING.”
White & Case’ Frankfurt-based team included Partner Dennis Heuer and Associate Alexander Kreibich. Its Warsaw-based team consisted of Partner Tomasz Ostrowski and Associate Radomir Szewczuk, and its London-based team included Partner Debashis Dey and Counsel Claudio Medeossi, working with Dubai-based Associate Adam Gao.