Sabadell Consumer Finance Autos 1, FT: 02 October 2023

A securitisation of Spanish auto loans from originator Sabadell Consumer.

The portfolio consists of 94,801 auto loans, where the average current balance is Eur8,770 and the largest is Eur64,396. Client type: individual – 97.08%, company – 2.92%. Vehicle type: used – 74.68%, new – 25.32%. Borrower Concentration: top 1 – 0.01%, top 10 – 0.07%. The WA seasoning is 36 months. Regional concentration: Andalucia – 22.45%, Cataluña – 19.36%, Madrid – 10.81% and Valencia – 10.04%.

EU Risk Retention: Sabadell Consumer, as Originator, will undertake to retain, on an ongoing basis, a material net economic interest of at least 5% in the securitisation transaction in accordance with Article 6(3)(c) of the EU Securitisation Regulation.

STS: The transaction is intended to qualify as a simple, transparent and standardised securitisation (STS securitisation) within the meaning of Article 18 of the EU Securitisation Regulation.

Compare/contrast: Sabadell Consumo 2, Autonoria Spain 2023 FdT