auxmoney, a leading digital-lending platform for consumer loans in Europe, has been awarded with the Structured Credit Investor (SCI) ESG Securitisation of the Year Award for its second social asset-backed security transaction.
- Out of all public ABS deals in Europe in 2022, auxmoney’s Fortuna 2022-1 transaction has been awarded with the prestigious “ESG Securitisation of the Year” Award
- The Structured Credit Investor jury recognizes auxmoney’s outstanding contribution to the ESG agenda and furthering of the UN Sustainable Development Goals as part of its Social Bond program
- This recognition is following after auxmoney was winning the award of the “Most innovative deal 2022” for its prior securitization in April 2022
Düsseldorf/Dublin, 26th April 2023
auxmoney, a leading digital-lending platform for consumer loans in Europe, has been awarded with the Structured Credit Investor (SCI) ESG Securitisation of the Year Award for its second social asset-backed security transaction. With the renowned award, SCI recognises excellence in sustainable securitisation in the European market.
Dr. Daniel Drummer, CFO at auxmoney, states:
“We are extremely glad to receive such a widely recognised award for our ESG efforts. To us, the social aspect of our Social Bond is not just a label, but at the heart of our business model. auxmoney strives to use best-in-class technology not only to provide a superior user experience to all customers but to deliberately serve consumers who are underserved by traditional lenders. As a result, we are having a considerable social impact by giving people access to financial means – improving the lives of many.”
auxmoney had successfully placed the transaction labelled “Fortuna Consumer Loan ABS 2022-1” in the capital markets in May 2022. With its second social bond, auxmoney continues to promote social and financial inclusion by securitising 25,000 loans with a volume of EUR 225 million.
Boudewijn Dierick, Managing Director and Country Executive at auxmoney Investments, adds:
“We have been delighted by the positive reception which we continue to receive from the capital markets, in many cases stating that ESG criteria have been an important element for an investment decision. We keep the structure for investors consistent and transparent, use the same name and same program. This allows us to come in as a repeat issuer and build long term relations with various investors.”
The SCI award for auxmoney’s second transaction is closely following after another prestigious recognition for auxmoney’s debut social issuance, Fortuna 2021-1. This issuance was awarded with the GlobalCapital European Securitization Most Innovative Deal Award 2022.
On the primary issuance side, the second Fortuna transaction was already succeeded by auxmoney’s third and biggest social bond offering in February 2023, further cementing auxmoney’s position as a repeat issuer in the ABS market.
ISS Corporate Solutions (ICS) has issued a Second Party Opinion (SPO) confirming the eligibility of the security as social bond. The transaction is certified by SVI as a securitisation meeting the requirements for simple, transparent and standardised securitisations (STS). The securities are listed at Euronext Dublin. Citigroup has acted as sole arranger and joint lead manager with BNP Paribas while Latham & Watkins, Hogan Lovells and William Fry were involved as legal advisors.
auxmoney is a leading digital-lending platform for consumer loans in Europe. Through unique risk models and truly digital processes, auxmoney improves access to affordable credit while reducing the risk and cost of lending. Customers benefit from better rates and transparency. Many institutional investors like family offices, banks, insurances or specialized funds are taking advantage of the predictable returns achievable on the auxmoney marketplace. auxmoney is on the forefront of promoting and improving financial inclusion.