AYT Caixanova Hipotecario I, FTDA

The first securitisation to be solely originated by Caixanova, although the savings bank has jointly originated
three previous Spanish ABS issues (eg AyT Bonos Tesoreria 1, FTdA, AyT FTPYME I, FTA).

This transaction sees a portfolio comprised 2,685 mortgage loans, where 85% are first-lien mortgages
granted to individuals (making up approximately 70% of the pool) and non-financial enterprises. The average
loan size is Eur120,500 and 93% of the pool is concentrated in the Galicia region. The current WA LTV is
64.08%, and average seasoning is 2.88yrs.

Focusing on the pool, 32% of the provisional pool corresponds to loans to small- and medium-sized enterprises,
and the pool is highly concentrated, as the exposures of five obligors exceed 1% of the pool. Additionally, 20%
of the pool corresponds to loans backed by second residences.


Compare/contrast: AyT FTPYME I, FTA, IM Goya Hipotecario I FTA.
AyT FTPYME I, FTAIM Goya Hipotecario I FTA