- Language: English
- Published: September 2012
- Region: Spain
Presale: Bankinter 16, Fondo de Titulizaci?n de Activos
- Published: March 2008
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Standard & Poor's Ratings Services has assigned preliminary credit ratings to the -2 billion mortgage-backed floating-rate securitization notes to be issued by Bankinter 16 Fondo de Titulizaci-n de Activos. At the same time, it will issue -43 million of class E notes. The originator is Bankinter S.A. (Bankinter). At closing, Bankinter will sell the issuer a -2 billion closed pool of mortgage loans granted to Spanish residents. The mortgage loans will be backed by first-, second-, and further- ranking mortgages. To fund this purchase, Bankinter 16 will issue five classes of floating-rate, quarterly paying notes. The class E notes will fully fund the cash reserve account at closing. Bankinter 16 is a fund whose sole purposes will be to purchase...
Companies mentioned in this report are: Bankinter 16 Fondo de Titulizacion de Activos
SHOW LESS READ MORE >
Bankinter 16 Fondo de Titulizacion de Activos