Spanish Covered Bond Holders Will Benefit From Mortgage Law Amendments

Approved amendments to Spain's Mortgage Market Law, due to come into force shortly, will strengthen and clarify the credit position of holders of Spanish mortgage covered bonds (Cedulas Hipotecarias) as well as the timely payment of these instruments following an Issuer insolvency.

  • 28 Nov 2007

-- Daniel Flatt

Approved amendments to Spain's Mortgage Market Law, due to come into force shortly, will strengthen and clarify the credit position of holders of Spanish mortgage covered bonds (Cedulas Hipotecarias) as well as the timely payment of these instruments following an Issuer insolvency, Moody's Investors Service has ...

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