El Corte Ingles places Spanish consumer loan securitization

In an encouraging sign for peripheral borrowers, the consumer finance arm of Spanish company El Corte Ingles has successfully placed €600m of bonds backed by a portfolio of in-store consumer loans.

  • By Joseph McDevitt
  • 07 Nov 2013

Secucor Finance 2013-1 is a debut securitization for El Corte Ingles, which owns large department stores across Spain under various brands.

The finance arm of El Corte Ingles offers four types of in-store credit for customers, all of which are eligible for Secucor’s pool. These are: FSC ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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