UCI brings Spanish RMBS in hot market

By Tom Brown
21 Apr 2021

UCI is bringing a Spanish RMBS, its second since a recent break from the market which ended in 2020, issuing a smaller deal this time but with a lower LTV portfolio. BNP Paribas and Santander are arranging the deal.

Prado VIII is, as its name suggests, the eighth in the series, but it is only the second Spanish RMBS to receive an STS designation since the label was launched in 2019, the first being Prado VII.

An update from the bookrunners on Wednesday guided investors towards a ...

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