BPER Leasing Sardaleasing S.p.A. issued a new leasing securitisation for an amount of 1 billion euro. The Originator BPER Leasing Sardaleasing is the leasing captive of the banking group BPER, ranking 11° in the Italian leasing market according to the Assilea data. The securitisation is carried out through the SPV “Multilease AS” which issued ABS notes in two classes, Senior and Junior. The Senior Notes are listed and rated “A-“ from Fitch and Standard & Poor’s. For both the ABS classes the legal maturity is July 2047. The securitised Portfolio, 100% performing, accounts for more than 77% of real estate leasing, whilst the remaining quota is a mix of receivables secured by vehicles, equipment and boats. The Portfolio is made of both receivables deriving from the refinancing of the leasing pool securitised in the context of the first securitisation carried out by Sardaleasing in 2014 and new leasing contracts executed over the last 3 years by the company. No swap counterparty has been appointed. Zenith Service made available the SPV, together with directorial and quota-holding services. It also took on the roles of Corporate Servicer, Calculation agent, Representative of the Noteholders, Back-up Servicer and regulatory services.