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The MARF admits to negotiation a new securitization fund for 202 million

MADRID, 20 (EUROPE PRESS)

The BME Fixed Income Market (MARF) has admitted to trading a new issue of bonds from the TDA Titan securitization fund for an amount of 202.3 million euros, which brings the outstanding balance of securitization bonds to 3,420 million euros. euros.

BME has explained in a statement that TDA Titan is made up of a portfolio of loans and credits guaranteed with first, second or higher rank real estate mortgages, and loans and credits without real estate mortgage guarantees, originated by Banco Santander and assigned to the fund by BTL Ireland Acquisitions IV DAC.

The securities that are issued will receive a variable and contingent yield based on the evolution of the portfolio that is transferred to the securitization fund.

Titulización de Activos, Sociedad Gestora de Fondos de Titulización (TdA), is the management company of the fund and participates as an advisor registered with the MARF, while it has also acted in registering the bond issue with the MARF.

The payment agent and account bank will be Banco Santander, while Cuatrecasas has acted as legal advisor in the constitution of the securitization fund.