La Caixa to tap domestic retail for Eu1bn
La Caixa will be selling a Eu1bn short four year cédulas hipotecarias to domestic retail investors in the coming days at a spread of Euribor plus 10bp. The deal is believed to be the largest Spanish covered bond to be sold to end investors this year and shows cédulas issuers’ access to an investor base that is often overlooked.
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