{"id":1087,"date":"2024-05-16T09:27:00","date_gmt":"2026-05-11T17:39:56","guid":{"rendered":"https:\/\/younited.com\/group\/press\/younited-successfully-issues-its-first-italian-c-e250m-public-abs\/"},"modified":"2026-05-11T17:54:58","modified_gmt":"2026-05-11T17:54:58","slug":"younited-successfully-issues-its-first-italian-c-e250m-public-abs","status":"publish","type":"press","link":"https:\/\/younited.com\/group\/en\/pressroom\/younited-successfully-issues-its-first-italian-c-e250m-public-abs\/","title":{"rendered":"Younited successfully issues its first Italian c. \u20ac250m public ABS"},"content":{"rendered":"<figure class=\"wp-block-image size-full \"><img decoding=\"async\" src=\"https:\/\/younited.com\/wp-content\/uploads\/2023\/12\/AdobeStock_568050950-1-e1702833982340-680x289.png\" class=\"\" alt=\"AdobeStock 568050950 1\" \/><\/figure>\n\n<p>Younited is delighted to announce the successful completion of its first public ABS transaction in Italy, Youni Italy 2024-1, arranged and led by Citi. This transaction marks several significant milestones:<\/p>\n\n<ul class=\"wp-block-list\"><li>It represents Younited\u2019s inaugural public ABS in Italy, its second-largest market after France.<\/li><li>It stands as the first Italian consumer ABS issued by an online marketplace lender.<\/li><li>It is the first full fintech cap stack transaction in Italy with all tranches entirely placed on the market to investors for the purpose of credit risk transfer and accounting derecognition.<\/li><\/ul>\n\n<p class=\"is-style-subtitle\"><p><em>\u201cWe are pleased to observe strong investor appetite for Younited Italian assets, underscoring the relevance of our rigorous underwriting and risk management practices in constructing an attractive portfolio\u201d.<br \/>\n<\/em><strong>Romain MAZOU\u00c9, Chief Risk Officer<\/strong><\/p><\/p>\n\n<p><strong>\u00a0<\/strong>In July 2023, Younited announced its largest financing transaction through an agreement with Citi to provide asset-backed financing on a forward-flow basis for its Italian consumer loan origination. The contemplated ABS transaction was arranged as part of this financing arrangement.<\/p>\n\n<p class=\"is-style-subtitle\"><p><em>\u201cThe strong execution of this transaction, with tranches up to 4 times oversubscribed, recognises the quality of our Italian origination and supports our objective of credit risk transfer and accounting derecognition, a first for an Italian consumer ABS. Furthermore, we are extremely pleased to have attracted a large and diversified pool of top-tier institutional investors.\u201d<\/em><br \/>\n<strong>Xavier PIERART, Chief Financial Officer<\/strong><\/p><\/p>\n\n<p><strong>A&amp;O Shearman<\/strong> and <strong>Clifford Chance<\/strong> respectively assisted Younited, Italian branch, as originator, and Citi, as arranger and lead manager.<\/p>\n\n<p><strong>Fitch<\/strong> and <strong>S&amp;P<\/strong> have rated Class A to E notes. The rated notes, along with the class F and class X notes, have been listed on Euronext Dublin. The class R notes have been admitted to trading on the Vienna MTF segment. The transaction is verified by <strong>PCS<\/strong> as a securitization meeting the requirements for simple, transparent, and standardised securitisation (STS).<\/p>\n\n<p><strong>Zenith Global Spa <\/strong>is acting as master servicer to the transaction and corporate services provider to the Issuer, among other roles.<\/p>\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button gtag-download-wp\"><a class=\"wp-block-button__link wp-element-button \" href=\"https:\/\/younited.com\/app\/uploads\/sites\/4\/2026\/05\/16052024-younited-pr-citi-eng-1.pdf\">Download<\/a><\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull is-style-default has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"block block-content-picking wp-pattern-content-picking wp-block-beapi-dynamic-block alignwide\" data-type=\"dynamic\" data-layout=\"grid\" data-post-type=\"press\">\n\t\t\t\n\n<div class=\"block-content-picking block-content-picking--press block-content-picking--grid block-content-picking--press-grid\" data-grid=\"3\">\n\t\n<div class=\"block-content-picking__header \">\n\t<h2 class=\"wp-block-heading is-style-h2\">Latest news<\/h2><\/div>\n\t<ul class=\"block-content-picking__list\">\n\t\t\t\t\t<li class=\"block-content-picking__list-item\">\n\t\t\t\t<div class=\"crd crd-press crd-press--grid\" data-seo-container>\n\t<div class=\"crd__content\">\n\t\t<ul class=\"post-terms no-list-style\">\n\t\t\t<li class=\"post-terms__item post-terms__item post-terms__item--pill\">Corporate news<\/li><li class=\"post-terms__item\">Press release<\/li>\t\t<\/ul>\n\t\t<p class=\"crd__title is-style-subtitle\">\n\t\t\t<a href=\"https:\/\/younited.com\/group\/en\/pressroom\/successful-transformation-revenue-growth-and-profitability\/\" data-seo-target>\n\t\t\t\tSuccessful transformation led to 54% annual revenue growth and attainment of profitability\t\t\t<\/a>\n\t\t<\/p>\n\t<\/div>\n<\/div>\n\t\t\t<\/li>\n\t\t\t\t\t\t<li class=\"block-content-picking__list-item\">\n\t\t\t\t<div class=\"crd crd-press crd-press--grid\" data-seo-container>\n\t<div class=\"crd__content\">\n\t\t<ul class=\"post-terms no-list-style\">\n\t\t\t<li class=\"post-terms__item post-terms__item post-terms__item--pill\">Corporate news<\/li><li class=\"post-terms__item\">Press release<\/li>\t\t<\/ul>\n\t\t<p class=\"crd__title is-style-subtitle\">\n\t\t\t<a href=\"https:\/\/younited.com\/group\/en\/pressroom\/younited-and-helios-sign-share-purchase-agreement-to-finalize-strategic-acquisition\/\" data-seo-target>\n\t\t\t\tYounited and Helios sign Share Purchase Agreement to finalize strategic acquisition\t\t\t<\/a>\n\t\t<\/p>\n\t<\/div>\n<\/div>\n\t\t\t<\/li>\n\t\t\t\t\t\t<li class=\"block-content-picking__list-item\">\n\t\t\t\t<div class=\"crd crd-press crd-press--grid\" data-seo-container>\n\t<div class=\"crd__content\">\n\t\t<ul class=\"post-terms no-list-style\">\n\t\t\t<li class=\"post-terms__item post-terms__item post-terms__item--pill\">Corporate news<\/li><li class=\"post-terms__item\">Press release<\/li>\t\t<\/ul>\n\t\t<p class=\"crd__title is-style-subtitle\">\n\t\t\t<a href=\"https:\/\/younited.com\/group\/en\/pressroom\/younited-celebrates-15-years-of-commitment-with-b-corp-certification\/\" data-seo-target>\n\t\t\t\tYounited celebrates 15 years of commitment with B Corp certification\t\t\t<\/a>\n\t\t<\/p>\n\t<\/div>\n<\/div>\n\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t<\/div>\n<\/div>\n\n\n\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"content-type":""},"press_tag":[266],"press_type":[259],"class_list":["post-1087","press","type-press","status-publish","hentry","press_tag-corporate-news","press_type-press-release"],"acf":[],"yoast_head":"<title>Younited successfully issues its first Italian c. \u20ac250m public ABS - 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