BBVA inks second guarantee for synthetic ABS

Asad Ali

April 23, 2018 04:00 PM

BBVA_Bank_AP_230x150 — A man walks past the entrance of Spain's BBVA bank headquarters in Madrid, Monday, Dec. 15, 2008. BBVA, Spain's second-largest bank, reported its own exposure amounted to up to euro 300 million ( dlrs 405 million U.S.) through indirect investments linked to Madoff, while BBVA clients stand to lose another euro 30 million (dlrs 40.5 million U.S.) the bank said in a statement Monday.(AP Photo/Daniel Ochoa de Olza) | DANIEL OCHOA DE OLZA/ASSOCIATED PRESS

BBVA secured a guarantee on Monday for a €2bn loan portfolio from the EIB Group, comprising the European Investment Bank and European Investment Fund. The aim is to encourage BBVA to boost lending to Spanish small and medium-sized enterprises.

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BBVA Spain Securitization Securitization - CLOs Europe EMEA

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Asad Ali