Spanish Bank Closes €500 Mln SME ABS

23 Feb 2010

Barcelona, Spain-based Caja de Ahorros y Pensiones de Barcelona has closed a €500 million ($677 million) asset-backed securities deal comprising loans made to small and medium-sized enterprises.

-- Daniel O’Leary

Barcelona, Spain-based Caja de Ahorros y Pensiones de Barcelona has closed a €500 million ($677 million) asset-backed securities deal comprising loans made to small and medium-sized enterprises. Standard & Poor’s gave Foncaixa Andalucia Ftempresa 1’s senior AS notes a preliminary AAA rating, while Moody’s Investors Service ...

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