Portuguese Bank Tenders Pelican and Sagres RMBS

31 Jul 2013

Portuguese bank Caixa Económica Montepio Geral bought back EUR63.5 million ($84.23 million) of Pelican and Sagres residential mortgage-back securities in its latest tender offer.

Portuguese bank Caixa Económica Montepio Geral bought back EUR63.5 million ($84.23 million) of Pelican and Sagres residential mortgage-back securities in its latest tender offer.

The bank used an unmodified Dutch auction for the exercise, in which it invited investors to submit offers across three ...

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