Banco Sabadell is pushing out a first-time €1.75 billion (US$1.92 billion) securitization of small business loans through a newly established trust platform.

The loan securitization by the fifth-largest banking group in Spain includes a €1.448.1 billion in Series A notes and €301.9 million in Series B notes. Moody’s Investors Service on Wednesday assigned provisional ‘Aa3’ ratings to the Series A notes and ‘B2’ to the Series B.  

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