Ayvens, the vehicle leasing subsidiary of Société Générale, is marketing the first public European auto ABS to bear an official green label — a deal backed exclusively by electric vehicle leases in Belgium.
Green securitisations have been around for so long that even bankers close to the deal were not sure whether it was really the first.
“That’s a good question,” said one source when reached by 9fin after announcing the deal, Bumper BE Green 2026-1, on Monday morning.
One transaction that came to mind was Koromo Italy, a 2023 securitisation of Italian auto loans originated by Toyota Financial Services, which was backed almost entirely by plug-in hybrid car loans.
But although investors appreciated the environmentally-friendly collateral, that deal was not explicitly marketed as green.
It was a forward-looking decision. Plug-in hybrid passenger cars lost their status as clean vehicles under the European Union’s green finance taxonomy at the beginning of this year.
More recently, SocGen subsidiary Boursobank issued a green senior ABS tranche as part of its Bousobank Consumer Loans France 2026 transaction.
The green claim was based on the fact that the €50m proceeds of the pre-placed green class A2 notes would...
