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Second Magdalena deal priced

Category: Capital Relief Trades CLOs


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Santander SME portfolio attracts further investor interest

Santander has completed its second FT Pymes Magdalena risk transfer transaction. The €166.3m CLN references a €2.5bn Spanish SME portfolio and pays three-month Euribor plus 8.85%.

The portfolio comprises a diversified and granular portfolio of Spanish SMEs -including self-employed borrowers - a market where Santander holds a dominant position.

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