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| Name: | FONCAIXA EMPRESAS 3, FONDO DE TITULIZACIÓN DE ACTIVOS |
|---|---|
| VAT Registration No: | V-65537714 |
| Issue amount: | € 1,400,000,000 |
| Set-up date: | 25 March 2011 |
| Disbursement date: | 29 March 2011 |
| Payment dates: | 25 January, 25 April, 25 July and 25 October |
| Legal Final Maturity Date: | 25 October 2048 |
| Legal framework: | The Royal Decree 926/1998 and Law 19/1992 |
| Series | Initial amount | Current rating | Interest rate | ISIN Code |
|---|---|---|---|---|
| SERIES A1 | € 300,000,00 | A3(sf) (Moody’s) AAA(sf)(DBRS) |
Euribor 3M+0.80% | ES0337820007 |
| SERIES A2 | € 820,000,000 | A3(sf) (Moody’s) A(high)(sf)(DBRS) |
Euribor 3M+1.00% | ES0337820015 |
| SERIES B | € 280,000,000 | Ba2(sf) (Moody’s) | Euribor 3M+2.00% | ES0337820023 |
| Unitary face value: | € 100,000 |
|---|---|
| Amortization: | Series A1 “soft bullet” – 15 October 2012 Series A2, and B, according to amortization of the Loans (“pass through”) |
| Subordination: | The A2 Series is subordinated respect to series A1 The B Series is subordinated respect to series A1 and A2 |
- COMPLIANCE OF THE RETAINING COMMITMENT RD 216/2008:
- REPORTS:
- RATING ACTIONS:
| Class A1 (ISIN ES0337820007) |
Downgraded from ‘Aaa(sf)’ to ‘Aa2(sf)’ Moody’s | February 2012 |
|---|---|---|
| Class A2 (ISIN ES0337820015) |
Downgraded from ‘Aaa(sf)’ to ‘Aa2(sf)’ Moody’s | February 2012 |
| Class A1 (ISIN ES0337820007) |
Downgraded from ‘Aa2(sf)’ to ‘A3(sf)’ Moody’s | July 2012 |
| Class A2 (ISIN ES0337820015) |
Downgraded from ‘Aa2(sf)’ to ‘A3(sf)’ Moody’s | July 2012 |
| Class A2 (ISIN ES0337820015) |
Downgraded from ‘AAA(sf)’ to ‘A(high)(sf)’ (DBRS) | December 2012 |
| Class B (ISIN ES0337820023) |
Downgraded from ‘B2(sf)’ to ‘Ba2(sf)’ Moody’s | May 2013 |