Auxmoney closes a € 250m ESG bond securitization

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Alternative loans

The Germany-based digital lending platform has bolstered its capital markets team in recent months by bringing in Boudewijn Dierick from BNP Paribas in early 2021.

Image source: CFO Daniel Drummer, CEO Raffael Johnen and COO Arie Wilder (left to right)

Digital consumer lender Auxmoney has placed an initial securitization of 250 million euros, consisting of 30,000 unsecured consumer loans, with one of the first social bond transactions in Europe.

The transaction is labeled “Fortuna 2021 – STS German Consumer ABS”.

With this first transaction, Auxmoney claims to respond to the strong demand for ESG investments from institutions.

Proceeds from the show are used to provide credit to those underserved by banks, he adds.

Daniel Drummer, Chief Financial Officer of Auxmoney, said investor demand for ESG compliant assets is very high.

“With social bonds, Auxmoney offers institutional investors the opportunity to promote financial inclusion and invest with social values.”

The Germany-based digital lending platform has bolstered its capital markets team in recent months by bringing in Boudewijn Dierick from BNP Paribas.

Dierick added, “We are very pleased with the competitive pricing we have achieved in light of the positive market response. Our team is already working on new transactions in the capital markets.

Auxmoney’s social obligation follows the standards set out in the Social Obligation Principles (SBP) of the International Capital Market Association (ICMA). ISS Corporate Solutions (ICS) issued a Second Party Opinion (SPO) confirming the title’s eligibility as a social bond.

The securities are listed on Euronext Dublin and BNP Paribas acted as sole arranger and lead manager. About Auxmoney.

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