CaixaBank Securitizes €2.04 billion in Consumer Loans

Cuatrecasas has advised CaixaBank on a recent securitization transaction known as "CaixaBank Consumo 7,” an asset-backed securities fund that groups together a portfolio of consumer loans. The transaction prospectus was registered with the Spanish Securities and Exchange Commission as required by applicable law, in the framework of a securities issuance amounting to €2.039 billion, distributed across six classes of bonds.

The bonds issued by the securitization fund have been admitted to listing on the AIAF fixed-income market of the Spanish Stock Exchanges and Markets. The transaction enables CaixaBank to mobilize credit to companies and households and meets the requirements to be classified as "simple, transparent and standardized” (STS) under EU securitization regulations.