The Swiss banking group iSwiss has recently closed an important securitisation transaction on tax receivables of Italian state suppliers resulted from implementing energy efficiency work on public and private building stock.
The first asset-backed securities (ABS) tranche issued by iSwiss banking group as a single note worth almost €300m and is maturing in October 2033. This first tranche of ABS will be listed in the professional segment of the London Stock Exchange and carries an interest payment of 3.5 per cent per annum.
