Société Générale Realizes €750 Million Auto Loan Securitisation
Deal News | May 30, 2025 | Hogan Lovells
Société Générale has successfully executed a securitisation of auto loans amounting to €750 million, facilitated through Red & Black Auto Germany 12 UG. The transaction involved the issuance of asset-backed securities across several tranches, including Class A, Class B, Class C, and Class D, differentiated by floating and fixed interest rates. The most senior tranche, the Class A notes, were rated AAA by Fitch and DBRS, indicating high credit quality. These notes, along with Class B and C, were listed on the Luxembourg Stock Exchange and sold to institutional investors. Under the European Securitisation Regulation, this transaction is characterized as simple, transparent, and standardised (STS). Hogan Lovells provided integral legal consultation services for Société Générale, with their team of experts specializing in capital markets and tax across their Frankfurt, Paris, and Düsseldorf offices.
Sectors
- Financial Services
- Legal Services
- Automotive
Geography
- Germany – The securitisation transaction was carried out through Red & Black Auto Germany 12 UG, indicating the geographic focus.
- France – Société Générale, the main institution involved, is based in France.
- Luxembourg – The asset-backed notes were listed on the Luxembourg Stock Exchange, highlighting its relevance.
Industry
- Financial Services – This industry is relevant as the article discusses a securitisation transaction involving a major financial institution, Société Générale, and related advisory services.
- Legal Services – Hogan Lovells provided legal advice for the securitisation transaction, making legal services an essential part of the article's context.
- Automotive – The securitisation involves auto loans, linking the automotive industry to the transaction structure.
Financials
- €750 million – The total value of the auto loan securitisation transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Société Générale | Target | Company | A leading financial services group involved in the securitisation transaction. |
| Hogan Lovells | Legal Advisor | Company | Provided comprehensive legal services for the transaction. |
| Red & Black Auto Germany 12 UG | Issuer | Company | The entity through which the asset-backed securities were issued. |
| Luxembourg Stock Exchange | Exchange | Company | The platform where the asset-backed notes were listed. |
| Fitch | Rating Agency | Company | Provided a AAA rating for the Class A notes. |
| DBRS | Rating Agency | Company | Provided a AAA rating for the Class A notes. |