Article: BBK places EUR 1bn mortgage-backed securities in one hour.

(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 ...

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