Another Spanish ABS tender hits screens
Banco Cooperativo Espanol has joined the long list of Spanish banks tendering for ABS bonds. Meanwhile, Catalunya Banc bought back half of its targeted €500m of ABS bonds, albeit at cheaper levels than in its first tender earlier this year.
Banco Cooperativo Espanol will invite offers for 33 tranches of bonds, 29 RMBS and 4 CLO, across three programmes: RHIPG, RHIPO and RYPME. The bank will use an unmodified Dutch auction and has set a purchase target of 500m.
It has disclosed minimum prices for only 13 of
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