|
|
Article: BBK places EUR 1bn mortgage-backed securities in one hour.
- Article from:
- ADP News Spain
- Article date:
- September 22, 2009
CopyrightCOPYRIGHT 2009 Aii Data Processing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
(ADPnews) - Sep 22, 2009 - Spanish savings bank Bilbao Bizkaia Kutxa (BBK) successfully placed its first five-year mortgage-backed securities issue for EUR 1 billion (USD 1.48bn), the bank said today.
The placement was carried out for less than an hour, while investors' demand reached EUR 3.7 billion.
The offering was ...