Spanish SME CLO Readied

24 Nov 2010

A €1.85 billion ($2.48 billion) Spanish collateralized loan obligation originated by La Caixa is in the works.

—Hugh Leask

A€1.85 billion ($2.48 billion) Spanish collateralized loan obligation originated by La Caixa is in the works. The deal, known as Foncaixa Empresas 2, securitizes a mixture of commercial loans and draw-downs from credit lines made out to small- and medium-sized businesses across Spain.

The collateral pool ...

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