BBVA Consumo 13 FTA: 19 March 2024

As per previous Consumo transactions, the receivables to be pooled in the fund shall exclusively consist of receivables owned by and shown on the assets of BBVA and BBVA Finanzia derived from loans granted to individuals resident in Spain to finance, in the case of BBVA, retail activities (construing these retail activities in the broad sense and including, inter alia, financing the obligor’s expenses, purchase of merchandise, goods including motor cars, or services) and, in the case of BBVA Finanzia, the purchase of motor cars.

The selected loan portfolio (as at 9 January 2024) comprises 239,848 consumer and auto loans advanced to obligors, all being resident in Spain. The average principal per borrower is Eur8,940 and the pool is highly granular. Interest rate type: fixed - 98.47%, floating - 1.53%.

Compare/contrast: BBVA Consumo 11