Law Debenture appointed as Common Representative for new Portuguese auto-loan securitisation
27 November 2015
Silk Finance No. 4
€509,400,000 Class A Asset-Backed Fixed Rate Securitisation Notes due 2031
€101,500,000 Class B Asset-Backed Fixed Rate Securitisation Notes due 2031
€3,700,000 Class C Notes due 2031
€1 Variable Funding Note due 2031
We have been appointed as Common Representative for this new Portuguese securitisation. The Notes are issued by TAGUS – Sociedade de Titularizacao de Creditos, S.A. The originator of the loans (vehicle loans, vehicle leases and vehicle LTR contracts) is Banco Santander Consumer Portugal, S.A. and the arranger was Banco Santander, S.A.
The Class A Notes have been rated “A(sf)” by DBRS Ratings Limited, and “A(sf)” by Standard & Poor’s Credit Market Services Europe Limited, and are listed on Euronext Lisbon – Sociedade Gestora de Mercados Regulamentados, S.A.