Latest news
Latest news
Some deals resemble the bank SRT market but there is room for independent sponsors to put trades together
Market participants gathering in Stavanger will focus on market growth
Mezz and certificates go on offer, testing new execution strategy
More articles
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After toying with the idea of structuring a swap-free deal, SNS Bank’s new Hermes RMBS not only includes a swap but it has also been structured with a fixed rate ‘A3’ tranche designed to ensure investors are fully paid before the bonds are called.
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Investec’s legacy non-conforming RMBS, Residential Mortgage Securities 26, has been priced at par and comfortably inside its Gemgarto non-prime deal in April, demonstrating investors’ greater risk appetite in ABS.
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Europe’s securitization market could be edging a step closer to seeing non-AAA rated senior tranches in some deals.
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A flurry of Dutch primary residential mortgage-backed securities is expected to follow on the heels of SNS Bank’s forthcoming issue from its HERMES program.
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Investec Capital Markets will launch and price its widely watched securitization of non-conforming U.K. mortgages, Residential Mortgage Securities 26, on Wednesday.
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Yorkshire Building Society has signalled its support for the U.K. residential mortgage securitization market with a forthcoming £1 billion ($1.62 billion) sophomore trade from its prime U.K. residential mortgage securitization program, Brass.
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Yorkshire Building Society’s upcoming roadshow for Brass RMBS No.2 is raising hopes that tight spreads will tempt ABS issuers to public markets, despite the availability of cheap central bank funding.
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New rules to limit residential rent increases in France will limit liquidity in the buy to let market, but are unlikely to have a credit impact on French RMBS and covered bonds, Moody’s says.
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Investec’s non-conforming Residential Mortgage Securities 26 RMBS is set to price well inside the bank’s Gemgarto transaction, reflecting the strength of the bid for non-prime assets.