Tagus €1.2 billion RMBS securitisation

30/12/2015
RMBS, Securitisation

€ 1.192 billion

$ 1.288 billion

Completed

30/12/2015


Overview:

  • Tagus – Sociedade de Titularização de Crédito, the Portuguese securities vehicle of Deutsche Bank, successfully launched €1.1922 billion mortgage backed securitisation notes (RMBS). 
  • BBVA Portugal acted as originators. 
  • The notes, known as BBVA Portugal RMBS No. 1, consisted of €1.012 class A mortgage backed floating rate notes due 2057, €88 million class B mortgage backed floating rate notes due 2057 and €92.2 million class C variable rate notes due 2057. 
  • WhiteStar Asset Solutions acted as arranger, The Law Debenture Trust Corporation as common representative and Deutsche Bank Aktiengesellschaft as paying agent. 

John Crabb - Journalist

Jurisdiction:

Portugal

Deal types:

RMBS
Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Governing law:

Portugal

Industry sectors:

Banking
Financial services


Firms:

Party: BBVA Portugal (Originator)


Party: Tagus – Sociedade de Titularização de Crédito (Issuer)