The repackaging platform has added BBVA as a new dealer, expanding the number of participating banks as well as the range of structured repackaging solutions available to institutional investors.
Single Platform Investment Repackaging Entity (Spire) has admitted Banco Bilbao Vizcaya Argentaria (BBVA) to its multi-dealer programme, increasing the number of dealers on the platform to 19. The platform was originally established by BNP Paribas, Citi, Credit Suisse and J.P. Morgan in 2017 The Spire platform enables banks to issue repackaged structured notes in standardised formats. These products allow investors to gain exposure to a range of underlying collateral assets while customising