Caixabank Consumo 5, FTDA: 21 June 2020

This transaction is the fifth in the series of static cash securitisations of unsecured consumer loans which have been extended to obligors in Spain by Caixabank S.A. It is also the third public securitisation of Spanish consumer loans this year.

The portfolio consists of 650,694 fixed-rate contracts which have been advanced to 533,896 borrowers. The top 1 borrower accounts for 0.09% of current balances, and the top 10 for 0.60%. Regional concentration: Catalonia – 31.53%, Andalucia – 17.61% and Madrid – 10.53%. Of note is that at closing, some 1.16% of the portfolio was up to 30 days delinquent.

Compare/contrast: Caixabank Consumo 4