On 9 June 2020 the Banca Carige Group carried out a securitisation of unsecured and mortgage-based performing loans to Small and Medium Enterprises through the special purpose vehicle Lanterna Finance S.r.l.
With an initial portfolio of Euro 357.5 million, Lanterna Finance issued securities for Euro 362.5 million (Euro 205 million Class A1, Euro 20 million Class A2 and Euro 137.5 million Class B).
The transaction was originated by Banca Carige S.p.A. and Banca del Monte di Lucca S.p.A.
Within the scope of the transaction, Banca Carige acted as Master Servicer, whilst Banca del Monte di Lucca acted as Servicer.
The Bank of New York Mellon acted as: Paying Agent, Account Banks e Calculation Agent.
Zenith Service S.p.A. acted as: representatives of bondholders and Back-Up Servicer.
The transaction was structured by Banca IMI S.p.A.