NatWest Markets mandated on debut Spanish SME CLO

Spanish flag
By Asad Ali
06 Nov 2018

The transaction, Alhambra SME Funding 2018-1, comprises sub-investment grade senior secured and unsecured loans to Spanish SMEs and mid-caps originated by Be-Spoke Capital (Ireland) Ltd.

Tranches from triple-A down to single-B are on offer for the €300m deal, although tranche sizes have yet to be revealed.

Be-Spoke Capital lends, typically with a 5.5 year tenor, exclusively to companies in Spain with a minimum of €2m EBITDA and €20m in revenue, according to the ...

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