Wolf Theiss, working with Clifford Chance, has advised Allianz Bank Bulgaria on the review, negotiations, and regulatory compliance of a synthetic securitization agreement with the European Investment Bank Group.
According to Wolf Theiss, this arrangement allows Allianz Bank to free up to "EUR 291 million (USD 315.9 million) in financing for Bulgarian small and medium-sized enterprises and mid-cap companies with a focus on transitioning to climate neutrality, while continuing to maintain its leading market position. The European Investment Fund offers a layer of protection through a junior tranche worth EUR 29 million, with a counter-guarantee from the EIB, and a senior tranche exceeding EUR 175 million, secured solely by the EIF. The covered portfolio includes consumer loans, as well as loans and leases to SMEs, with total commitments of approximately EUR 207 million."
The Wolf Theiss team was led by Partner Katerina Kraeva.
Wolf Theiss did not respond to our inquiry on the matter.
