Multiplying BWICs brings the total volume of secondary market selling orders so far this year to €1.535bn equivalent as sellers target high secondary prices after a strong first-quarter rally. BWICs completed last week include a €230m-equivalent portfolio from JP Morgan and a €203m-equivalent sale by Pramerica. The two portfolio sales mean that nearly €668m of loans have been put up for sale in the past two weeks, in five separate BWIC sales.
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