BNPP announces Spanish auto capital relief trade

Tom Brown

June 10, 2021 02:30 PM

spain — MEMPRN Flags of Spain and European Union sticking from vintage building | Alamy Stock Photo

On Thursday, BNP Paribas announced Autonoria Spain 2021, an STS deal aiming to achieve significant risk transfer through a full cap-stack offering. Only one triple-A rating is listed on the senior notes, but investors say demand is still high for the deal.

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Topics

Coronavirus Spain BNP Paribas ABS Securitization Europe EMEA

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Tom Brown