Latest news
Latest news
This is the first UK BTL RMBS since the Renters’ Rights Act came into effect
Funding Circle also placed the mezz notes for its SME loan transaction
Santander adds to euro pipeline with German consumer ABS
More articles
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Moody’s has downgraded a swathe of issues representing the risk of the Granite master trust reserve funds, pointing to poorer than expected performance from the Northern Rock-originated collateral pool.
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Moody’s has placed Eu14.4bn of Irish ABS on review for downgrade — six senior tranches of RMBS, five mezz and junior mezz RMBS, and one CLO — meaning that ratings on all outstanding Irish RMBS are under threat.
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BNP Paribas, ING and Rabobank sold Eu500m of the ‘A2’ notes of F van Lanschot Bankiers’s Citadel 2010-I on Monday. The leads sold the notes below par to offer a spread of 155bp over three month Euribor, at the wide end of the 150bp-155bp guidance.
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Borrowers on a loan securitized in N M Rothschild & Sons’ commercial mortgage-backed deal REC Plantation Place have pitched a plan to noteholders to work out the ailing deal.
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BNP Paribas, ING and Rabobank sold Eu500m of the ‘A2’ notes of F van Lanschot Bankiers’s Citadel 2010-I yesterday. The leads sold the notes below par to offer a spread of 155bp over three month Euribor, at the wide end of the 150bp-155bp guidance.
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Obvion has privately placed a Eu2bn securitisation of prime Dutch RMBS through Storm 2010-IV, in a deal reminiscent of the ABS market this June. Rabobank International had a leading role in arranging the deal and priced the notes at 125bp over three month Euribor.
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Lead managers JPMorgan, MPS Capital Services and Royal Bank of Scotland priced Monte dei Paschi di Siena’s Siena Mortgages 10-7 RMBS on Wednesday, in line with guidance — but well inside Italian sovereign spreads.
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Lead managers on Monte dei Paschi di Siena’s Siena Mortgages 10-7 RMBS have confirmed size and price details, as market volatility following rumours of an Irish bailout has stopped selected large accounts confirming orders until today (Monday).
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The leads on Banca Monte dei Paschi di Siena’s Siena Mortgage 10-7 RMBS have held off issuing final guidance and size terms so that investors have more time to do credit work.