Zepos & Yannopoulos advises Alpha Bank on revolving auto lease ABS transaction

Zepos & Yannopoulos advised Alpha Bank on its participation as a Senior / Class A Noteholder for an amount of up to €70 million in an Asset Backed Securitisation (ABS) transaction, structured as a revolving ABS and totaling €290 million in Senior Notes, issued by Autowheel DAC. The notes are backed by long-term auto lease receivables originated by the Autohellas Group.

This transaction represents one of the first true sale securitisations in Greece implemented under Law 5123/2024, which introduced a revamped and codified framework for the electronic registration of pledges and securitisation transactions with the cadastre.

Our Finance & Capital Markets team was led by Paris Tzoumas, head of Finance, supported by Niki Ignatidi, senior associate, and Katerina Chalka, associate. Daphne Cozonis and Ioanna Tapeinou, partners, and Sotiria-Christina Kalyva, associate, advised on the tax aspects of the transaction.