Spain: Banco Caminos and Bancofar register €200 million mortgage-backed bond program on MARF
Cuatrecasas has advised Banco Caminos and Bancofar on registering a dual mortgage-backed bond program on the Spanish Alternative Fixed-Income Market (MARF) for a joint maximum total of €200 million, €90 million for Banco Caminos and €110 for Bancofar. The listing document was registered with MARF on May 24, 2023.
The mortgage-backed bonds will be issued in compliance with the regulations provided under Royal Decree-Law 24/2021. Also, the bonds issued by Bancofar will have a joint and several personal guarantee at first demand from Banco Caminos.