Spain's Ministry of Economy recently granted an order that has made it easier for small medium-sized enterprises (SMEs) to gain access to the financial markets. In the wake of this order, Caixa Catalunya (CC) recently securitized EURO180.4 million worth of loans to SMEs.

A five-tranche collateralized loan obligation for EURO150 million - the first for the company was launched in the Spanish market, with J.P. Morgan Chase and Caixa Catalunya as deal managers.

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