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The Fund Oaktree Divests its Exposure in Spain with the Securitisation of Assets Worth €740 Million

The fund Oaktree has commissioned Morgan Stanley to handle this issue, which is called Retiro Mortgage Securities and which is backed by around 10,000 real estate properties.

The fund Oaktree has entrusted Morgan Stanley with the securitisation of assets linked to the real estate sector worth 740 million euros. Securitisations are issues through which a bank or company can finance itself in exchange for future rights to an asset.

This is the largest operation of its kind to have been launched in Spain in recent years, according to financial sources consulted by El Confidencial. The newspaper notes that the fund and the North American investment bank both declined to comment on the news.

Read the full article in Spanish.

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