Low take-up again as investors shun another Spanish tender
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Low take-up again as investors shun another Spanish tender

Cajamar Caja Rural bought back around 7% of the outstanding bonds in its RMBS and SME CLO tender, in what was the first European ABS buyback this year. The low participation rate continues the trend seen last year, when Spanish banks typically failed to convince investors to offer up more than 10% to 15% of outstanding bonds in tenders.

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