European DataWarehouse Hosts Latest Green Spanish RMBS Transaction
FRANKFURT, GERMANY—20 April 2023
European DataWarehouse is pleased to announce the second Green RMBS backed by Spanish assets on our platform, RMBS Green Prado XI. This transaction is a €490 million deal originated by Unión de Créditos Inmobiliarios Establecimiento Financiero de Credito (UCI).
The deal is certified Green by Sustainalytics and is STS verified by Prime Collateralised Securities (PCS). According to UCI, proceeds from the deal will be used to promote the renovation and construction of sustainable residential properties.
“This latest green RMBS deal marks a step in the right direction for the European ABS market, which is expected to play a key role in financing Europe’s energy transition,” says Dr. Christian Thun, CEO of European DataWarehouse.
Philippe Laporte, UCI’s COO, says, “We are delighted that our latest sustainable transaction has been so well-received by the market. This transaction demonstrates our commitment to the high standards and ambitious environmental, social and governance objectives of UCI, creating a new sustainable commitment in the residential real estate sector on the Iberian peninsula.”
EDW hosts loan-level data on nearly 800 RMBS transactions and is committed to enhancing the availability of RMBS data to develop relevant credit risk models to further stimulate investment into green ABS deals.
EDW is active in a number of sustainable initiatives including ENGAGE, which aims to create a future-proof data and innovative funding framework for energy-efficient mortgage and renovation financing, making sustainable energy investments more attractive to private investors and aligning them with the EU’s sustainable finance policy. The project is a joint initiative formed by EDW and UCI, as well as Hypoport BV, Università Ca’ Foscari Venezia, and Woonnu B.V. It is funded by a grant from the European Climate, Infrastructure and Environment Executive Agency (CINEA) .
Further information about UCI’s Green Prado XI deal is available to registered users of EDW’s Securitisation Repository by clicking here and logging into the EDITOR platform.
About European DataWarehouse
European DataWarehouse (EDW) is a Securitisation Repository designated by both the European Securities and Markets Authority and the Financial Conduct Authority. It was established in 2012 as the first Securitisation Repository in Europe to facilitate the collection, validation, and download of standardised loan-level data for Asset-Backed Securities and private whole loan portfolios.
EDW stores loan-level data and corresponding documentation for investors and other market participants. Operating as a market infrastructure, EDW aims to increase transparency and restore confidence in the ABS market. Through EDW’s data, users can analyse underlying portfolios in a more efficient way and compare portfolios on a systematic basis.
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Media Contact:
European DataWarehouse GmbH
Diane Vogelpohl
Marketing & Communications Manager
Tel. 49 (0) 69 50986 9326
Email:diane.vogelpohl@eurodw.eu