Be-Spoke Capital takes second run at Spanish SME CLO

By Tom Brown
04 Nov 2019

Be-Spoke Capital has mandated NatWest Markets and JP Morgan for Alhambra SME Funding 2019-1, a year after market volatility in the fourth quarter of 2018 led the issuer to shelve its first attempt at the securitization.

Market conditions in the final quarter of last year prevented many issuers from bringing new deals, including Be-Spoke Capital, which had an investment from the European Investment Bank. The deal was ramped to €250m at the end of 2018, and was expected to reach €300m, but was ...

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