El Corte Ingles Places Spanish Consumer Loan Securitization

07 Nov 2013

The consumer finance arm of Spanish company El Corte Ingles has successfully placed EUR600 million ($804.2 million) of bonds backed by a portfolio of in-store consumer loans—an encouraging sign for peripheral borrowers.

The consumer finance arm of Spanish company El Corte Ingles has successfully placed EUR600 million ($804.2 million) of bonds backed by a portfolio of in-store consumer loans—an encouraging sign for peripheral borrowers.

Secucor Finance 2013-1 is a debut securitization for El Corte Ingles, which owns large department stores ...

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