Mediobanca completes the placement of the senior tranche of Quarzo, a securitization of consumer loans originated by Compass. €750 million raised

Mediobanca has completed the placement of the senior tranche of Quarzo, the securitisation of consumer loans originated by Compass. The total amount of €750 million is the largest issued to date for a public transaction under the same programme.

The senior tranche was placed at a 82 basis points spread over 3‑month Euribor. The transaction, successfully launched in a primary market environment characterised by high volatility, confirms investor interest and Mediobanca’s ability to consistently access diversified funding sources on competitive terms.

In the month of March alone, through the Quarzo programme and factoring receivables securitisations, Mediobanca raised a total of approximately €1.5 billion. The bookbuilding process for Quarzo involved leading international investors in the ABS segment, with a total order book exceeding €1.2 billion.

Milan, 25 March 2026