Spain's Ahorro y Titulizacion said it is working on a €22.9 billion ($29.7 billion) securitization for the Instituto de Credito Oficial, a Spanish government agency that lends to businesses, according to a Reuters report.

The deal will be retained by the issuer and is backed by loans to companies.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.