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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2 Rabobank 14.41
3 Morgan Stanley 11.73
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1 Wells Fargo Securities 11,897.40 33 11.83%
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3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
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