Bancaja stumbles as eight proves step too far for Spain’s issuers
Bancaja cut the size of a three year cédulas hipotecarias transaction from a targeted Eu1bn to Eu750m this week as demand for Spanish covered bonds proved to have been sated after a hectic fortnight.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
