CaixaBank Explores Sale of $1.2 Billion in Soured Loans [Yahoo! Finance]
CAIXABANK SA UNSP/ADR (CAIXY)
NASDAQ:AMEX Investor Relations:
caixabank.com/inversoresinstitucionales_en.html
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Source: Yahoo! Finance
Most Read from Bloomberg Truce Talks Drag as Hamas Hits Israel Crossing in Deadly Attack Buffett Praises Apple After Trimming It, Drops Paramount Stake Treasury Rally Risks Running Into a $125 Billion Brick Wall France's Macron Calls for Reset of Economic Ties With China Lamborghini Bros No More: Crypto Is Creating a New Wealth Effect The Spanish lender is marketing two NPL portfolios that have already attracted potential bidders, according to documents seen by Bloomberg and people familiar with the matter. One is code named Oxygen and it has an outstanding balance of €610 million on about 7,000 unpaid mortgages. The other one, dubbed Cobalto, is comprised of about €500 million in unsecured loans to small and medium-sized businesses and consumers, the people said asking not to be named discussing private information. A spokesperson declined to comment. CaixaBank, Spain's third-biggest lender, is taking the step to improve the health of its balance sheet, the people sa
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