FINDIRECT launches its inaugural securitization fund with an initial issuance of €100 million
FINDIRECT has successfully incorporated its first asset securitization fund, with an initial issuance volume of €100 million with the option to increase the volume up to €300 million. This initiative is part of the company’s strategic objective to optimize its funding sources and enhance its access to capital markets.
The fund, named FINDIRECT, FONDO DE TITULIZACIÓN, is backed by a portfolio of credit rights derived from consumer loans originated by FINDIRECT. The securitization has been set up in accordance with Law 5/2015 de Fomento de la Financiación Empresarial and under requirements set forth in Regulation (EU) 2017/2402, which establishes the European regulatory framework for securitization. The transaction has been duly registered with the Spanish Securities Market Commission (CNMV), in full compliance with the applicable legal and transparency requirements.
This transaction represents a strategic alternative to traditional bank financing, allowing FINDIRECT to diversify its liquidity sources, release balance sheet capacity, and stabilize its cost of funding. Furthermore, the operation contributes positively to risk management and operational efficiency.
The fund will be managed by Europea de Titulización and has benefited from the involvement of top-tier firms to optimize its structural, legal, and operational framework.
With this transaction, FINDIRECT reinforces its position as an innovative financial institution, capable of adapting to a continuously evolving regulatory and market environment. It also marks a significant milestone in the company’s progression toward more sophisticated and diversified financing strategies.
Europea de Titulización, S.A., S.G.F.T.
June 2025