Ashurst advised Cassa di Risparmio della Provincia di Chieti as
originator and underwriter, on its structuring and documentation of
€375 million securitisation of residential mortgage loans
originated by Cassa di Risparmio della Provincia di Chieti.
As part of the transaction, the special purpose vehicle Creso 2
S.r.l. issued €274,400,000 Class A Asset Backed Floating Rate Notes
due December 2060, rated A by DBRS Ratings Limited, A2 by Moody's
Italia S.r.l. and listed on the Luxembourg Stock Exchange and
€101,389,000 Class B Asset Backed Floating Rate Notes due December
The Ashurst team was led by Milan-based finance partner Gianluca Fanti, assisted by
associate Francesco Scebba.