Holmes collects strong bid in dollars

Books on Santander’s Holmes 2011-1 deal look healthy, with strongest interest in the dollar pieces. Lead managers BNP Paribas, Deutsche Bank, JP Morgan and Santander GBM updated investors on Tuesday morning, saying that books stood at $600m for the 2.9 year average life ‘A2s’, Eu500m for the 4.9 year average life ‘A3s’, and £300m for the 4.9 year average life ‘A4s’. The $500m 0.9 year ‘A1s’ were preplaced.