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IM BCC Cajamar PYME 2: 05 May 2018

The transaction is a securitisation of loans that have been granted by Cajamar to small and medium-sized enterprises and self-employed individuals located in Spain, where around 25.2% of the portfolio is secured by mortgages over residential and commercial properties.

The provisional pool was composed of 21,003 contracts, granted to 15168 obligor groups located in Spain. The largest obligor group represents 0.60% of the portfolio balance and the top ten and top twenty borrowers represent 4.85% and 8.02% of the outstanding pool balance.

Interest rate type: floating 52.2%, Fixed & hybrid 47.8%.

By industry classification the top sectors are: Beverage, Food & Tobacco - 51.1%, Transportation Cargo - 6.5% and Hotel, Gaming & Leisure - 5%. The WA seasoning is 2.6 years. Regional concentration: Andalusia – 29.97%, Murcia – 22.69% and Valencia – 20.84%.

Compare/contrast: IM BCC Cajamar PYME 1