Bancaja overbid and tightens, Caja Madrid forced to retain

19 Jul 2007

The two Spanish residential mortgage backed securities sold last Friday by Bancaja and Caja Madrid had contrasting fates.

The former, a Eu2bn issue led by Bancaja, Calyon, JP Morgan and Natixis, featured high quality collateral and produced the rare spectacle (in recent months) of price guidance on a ...

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