Investors Shun Another Spanish Tender

25 Mar 2013

Cajamar Caja Rural bought back around 7% of the outstanding bonds in its residential mortgage-backed securities and small-to-medium enterprise collateralized loan obligation tender, in what was the first buyback of European asset-backed securities this year.

Cajamar Caja Rural bought back around 7% of the outstanding bonds in its residential mortgage-backed securities and small-to-medium enterprise collateralized loan obligation tender, in what was the first buyback of European asset-backed securities this year. The low participation rate continues the trend seen last year, when ...

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