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El Corte Ingles to securitise consumer loans

Source: Reuters - Wed 17th Apr 2013
El Corte Ingles to securitise consumer loans

Retailer El Corte Ingles, Spain's biggest privately held company, is studying a securitisation of consumer loans for the first time as it seeks to diversify its financing, two sources familiar with the effort told Reuters.

El Corte Ingles, a high-end department store that has traditionally stayed away from capital markets, has tapped Santander bank to handle the operation, the sources said.