Spanish Highway Operator Mulls $424 Million Debt Sale for Puerto Rico Roads

A subsidiary of Spanish highway operator Abertis is considering borrowing $424 million to fund capital projects for four Puerto Rico toll roads, Bloomberg News reported. The Public Finance Authority, a Wisconsin-based issuer, approved the bond sale for Puerto Rico Toll Roads LLC, at a June 26th board meeting. PFA would loan the proceeds it borrows to Puerto Rico Toll Roads, which is part of Metropistas, an Abertis subsidiary that operates numerous toll roads and one bridge in Puerto Rico.
Spain
United States
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CaixaBank Explores Sale of $1.2 Billion in Soured Loans

CaixaBank SA is exploring the sale of €1.1 billion ($1.2 billion) in non-performing loans as it seeks to improve its asset quality, Bloomberg News reported. The Spanish lender is marketing two NPL portfolios that have already attracted potential bidders, according to documents seen by Bloomberg and people familiar with the matter. One is code named Oxygen and it has an outstanding balance of €610 million on about 7,000 unpaid mortgages.
Spain
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Spanish Inflation Quickens as Government Energy Aid Removed

Spanish inflation accelerated for a second month as the government continued to remove support that had helped keep a lid on soaring energy costs, Bloomberg News reported. Consumer prices rose 3.4% from a year earlier in April, data published Monday showed. That’s in line with the median estimate in a Bloomberg survey of economists. Stripping out energy and some food costs, core inflation dipped more than anticipated to 2.9% — the lowest level since early 2022. Spanish numbers kick off a raft of data across the euro area, with German inflation later Monday also projected to quicken a touch.
Spain
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