top of page
Search

Salary and pension loans securitisation by Istituto Bancario delLavoro

  • Dr P Singh
  • Apr 20, 2020
  • 1 min read

The €342m approximate[y of Notes are backed by receivables related to salary and pension assignment (SA and PA, respectively) loan contracts as well as payment delegation (PD) loan contracts granted by Istituto Bancario del Lavoro S.p.A. (IBL or the originator) to employees and pensioners in the Republic of Italy.


The Notes are a further issue under a €10 billion programme of issuance.


The transaction was rated by DBRS Morningstar

Recent Posts

See All
Pensions obligations ABS

2006: A German company established to administer pension and medical receivables to be made to it by three German postal companies, has...

 
 
 
Salary-backed ABS

2014: Moody's rated an ABS backed by receivables that are salary payment obligations of employees who have taken loans. These employees...

 
 
 

Comments

  • Grey Google+ Icon
  • Grey Twitter Icon
  • Grey LinkedIn Icon
  • Grey Facebook Icon

© 2023 by Talking Business.  Proudly created with Wix.com

​

bottom of page