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FIGCovered Bonds

ACF, Ceca prepare pooled savings bank GGs

Ahorro Corporación Financiera (ACF), which runs the AyT Cédulas Cajas programme, and the Confederation of Spanish Savings Banks (Ceca) are setting up structures for pooled government guaranteed issuance by Spain's savings banks, which are eligible for up to around Eu50bn of guarantees under the Spanish scheme.

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