Advised Banca IMI S.p.A. as arranger in the structuring and documentation of €500 million securitisation deal of fondiari and ipotecari residential mortgage loans originated by Cassa di Risparmio di Asti S.p.A.

In the context of the transaction the newly created special purpose vehicle Asti RMBS S.r.l., incorporated under Law No. 130 of 30 April 1999, issued "€411,000,000 Class A Asset Backed Floating Rate Notes due 2060" rated by Fitch Ratings Ltd. (AA+sf) and by Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies Inc. (AA+) and listed on the Luxembourg Stock Exchange.

The Ashurst team was led by Milan-based banking partner Gianluca Fanti assisted by associate Francesco Scebba, Associate. Partner Paola Flora advised on the tax aspects.

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