Bankia targets €500m in RMBS tender offer

Spain’s Bankia is aiming to buy back €500m of bonds across 17 tranches of outstanding RMBS with a total outstanding value of around €8.2bn.

  • By Joseph McDevitt
  • 04 Jul 2013


The tender will be carried out using an unmodified Dutch auction, the preferred method for most Spanish ABS buybacks as it allows the issuer to pick and choose which individual offers it wants to accept.

The exercise is focused on the senior tranches in 12 different transactions. ...

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