This website is using cookies
This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Caixabank PYMES 12 FdTdA: 20 November 2020

As per previous transactions, the issue is a cash flow securitisation collateralised by a portfolio of secured and unsecured loans and drawdowns of secured and unsecured lines of credit originated by CaixaBank to small and medium-sized enterprises and self-employed individuals based in Spain.

As of the October 2020 cut-off date, the transaction’s portfolio comprised 31,024 loans and current drawdowns of secured and unsecured lines of credit to 28,623 obligor groups. Obligor group concentration: top 1 – 1.14, top 10 – 5.52%, top 20 – 8.25%. Interest rate type: floating - 50.4%, fixed - 49.6%. Industry concentration: Beverage, Food & Tobacco – 24.7%, Building and Development – 14.40% and Farming and Agriculture – 10.72%. The WA LTV (where applicable) is 51.40% and the WA seasoning is 1.1 years. Regional concentration: Catalonia – 26.8%, Madrid – 11.58% and Andalucia – 10.69%.

EU Risk Retention: The Originator (CaixaBank) will retain, on an ongoing basis, a material net economic interest in the terms required by the Regulation in the securitisation transaction.

Compare/contrast: Caixabank PYMES 11 FdTdA