Blackstone returns to Spanish RMBS market with €172m trade

By David Bell
05 Dec 2017

US private equity firm Blackstone is returning to the Spanish RMBS market to fund a portion of a portfolio acquired from CatalunyaCaixa in 2015, as other large Spanish property portfolio sales stir hopes of greater supply from the sector.

Blackstone’s €172m deal, SRF 2017-2, follows a €400m deal it closed in March this year. The senior triple-A notes of that deal were sold at 90bp over three month Euribor, with books said to be more than 1.9 times subscribed.

Credit Suisse has been mandated as sole arranger ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial