Charge Ahead: Hogan Lovells advises on inaugural EIF and EIB backed public securitisation for Vehis
London, 4 July 2025 – Hogan Lovells represented Santander and Jefferies as joint lead managers and arrangers on an inaugural and historic PLN 1.38bn cash securitisation of auto leases originated by Polish car platform VEHIS, with the backing of the European Investment Fund (EIF) and the European Investment Bank (EIB).
The deal included both a direct investment by EIB in the senior listed notes and a bilateral guarantee by the EIF over other senior and mezzanine notes acquired by an institutional investor. The notes were rated by S&P and Scope, with the Class A1 Notes being listed on Euronext Dublin. The proceeds of the notes were earmarked to be used by Vehis for financing of women-led businesses and climate action support through electric-vehicle leasing.
The Hogan Lovells team was led by structured finance partners Julian Craughan and Madeleine Horrocks and senior associate George Kiladze, with support from associates Deborah Giurgola, Carly Lakin, Yoanna Ivanova and trainee solicitor Archie Ragupathy. The structured finance team was supported by tax senior associate Adela Komorowska.
Hogan Lovells' trust and agency team advised Citi as note trustee, security trustee and agents in relation to the transaction. The Hogan Lovells trust and agency team was led by partner Kit Johnson with support from senior associate Axel Delaud.
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