The Prado I RMBS fund will issue securities valued at €342 million backed by UCI mortgage loans
Unión de Creditos Inmobiliarios (UCI), is the first Spanish credit institution to participate in a mortgage-backed securitization placed on the market after eight years of deadlock.
Banco Santander and BNP Paribas, UCI’s joint shareholders, will place the senior bonds issued by the Prados I RMBS fund on the market, with a final maturity date of 2055. The fund’s portfolio is valued at €450 million.
Cuatrecasas, Goncalves Pereira has advised UCI and Santander de Titulización on setting up the Prado I RMBS fund through its Financial and Tax Practices.
Matter Type
Banking & Finance - Real Estate Finance
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Finance & Banking
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Banking & Finance
Real Estate & Construction