UCI returns to Spanish RMBS after two year break

spain_houses 230x150 PA
By Tom Brown
28 Oct 2020

Unión de Créditos Inmobiliarios (UCI) is bringing its first Spanish deal since 2018 after taking a two and a half year break from the market, announcing the STS-eligible Prado VII Spanish RMBS.

The €515m deal is the largest from the shelf since Prado 2 launched in 2015, with Santander and BNP Paribas selected as arrangers for the new offering.

UCI is offering a single 3.85 year senior tranche with a 70bp coupon, expected to price above par, while the ...

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