Waselius has advised LocalTapiola Finance (LähiTapiola Rahoitus Oy) again as the originator on the EUR 400 million public securitisation of a portfolio of Finnish consumer auto hire purchase contracts, known to the market as Tommi VII ABS.
LocalTapiola Finance Limited (LTF) a wholly-owned subsidiary of LocalTapiola Group, whose main shareholder is General Mutual Insurance Company, one of the leading insurance companies in Finland. In business since 2017, LTF mainly focuses on originating loans to private individuals for used-car financing and includes both amortising and balloon loans in its portfolio.