Spanish banks put crisis behind them as wholesale markets open

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Cédulas and senior markets re-engage as contagion recedes

Spanish banks put crisis behind them as wholesale markets open

Issue: 1170 - 3 September 2010

Keywords: Banco Sabadell, La Caixa, Spain, Spanish, covered bonds, cedulas

Spanish borrowers began shedding contagion from the eurozone debt crisis this week as even second tier banks managed to get Eu1bn covered bonds away, while one of the country’s national champions completed a senior unsecured benchmark of the same size. ..

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