Spanish Bank Set To Close €1 Bln SME Loan ABS

04 Aug 2008

Spain’s Caja de Ahorros del Mediterraneo is about to close a jumbo €1 billion securitization backed by loans partially guaranteed by the Spanish government.

--Cristina Pittelli

Spain’s Caja de Ahorros del Mediterraneo is about to close a jumbo €1 billion securitization backed by loans partially guaranteed by the Spanish government. The deal comprises 9,483 loans to 8,672 small-to-medium-sized enterprises and self-employed individuals across a range of industries across the country.

Spain guarantees Aaa ...

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