Global law firm White & Case LLP has advised Cassa di Risparmio di Asti S.p.A. and Cassa di Risparmio di Biella e Vercelli – Biverbanca S.p.A., as originator and underwriter, and UniCredit Bank AG, as arranger, on a multi-originator revolving securitisation of fondiari mortgage loans, ipotecari mortgage loans and unsecured loans issued by Cassa di Risparmio di Asti and Cassa di Risparmio di Biella e Vercelli – Biverbanca to Italian SMEs, for a total value of around €1.2 billion.

The Class A notes issued by Asti Group PMI, for a total amount of €700 million, have been listed on the Luxembourg Stock Exchange.

The White & Case team in Milan which advised on the transaction was led by partner Gianluca Fanti, local partner Giuseppe Barra Caracciolo, associates Francesco Scebba and Riccardo Verzeletti and lawyer Valerio Severo Marotta.