Linklaters Advised Auxmoney On Sixth Public Securitisation With A Volume Of €425 Million

Linklaters Advised Auxmoney On Sixth Public Securitisation With A Volume Of €425 Million

Linklaters has advised auxmoney, Europe’s leading digital-lending platform for consumer credit, on its first public securitisation of 2025 of consumer loan receivables brokered via the auxmoney-operated loan platform. The transaction, known as Fortuna Consumer Loan ABS 2025-1, marks the sixth transaction on the Fortuna ABS platform and securitises consumer loan receivables totalling €425 million via an Irish special purpose vehicle.

The special purpose vehicle financed the purchase by issuing German law bearer bonds. The securities are listed on the Luxembourg Stock Exchange, and the AAA-rated Class A bonds are structured as ECB-eligible collateral. Similar to previous transactions on the Fortuna platform, this securitisation also benefits from an STS label, verified by STS Verification International GmbH.

The Linklaters team was led by Jördis Heckt-Harbeck (Counsel, Capital Markets, Frankfurt) and Dr. Kurt Dittrich (Partner, Capital Markets, Frankfurt), with support from Christian Storck (Partner, Capital Markets, Frankfurt), Burkhard Rinne (Partner, Capital Markets, Frankfurt), Ulrich Johann (Counsel, Tax, Frankfurt), Michael Deane (Managing Associate, Capital Markets, Frankfurt), and Helena Obenheimer (Transaction Lawyer, Capital Markets, Frankfurt).

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