Barclays and Rabobank to issue RMBS

For the first time in many months, the RMBS market looks set for potentially greater issuance than the covered bond market this week as two issuers are preparing benchmark transactions. Rabobank, which is also out with a tier one hybrid deal today, is also planning on a dual tranche prime RMBS through its Obvion subsidiary. Meanwhile, Barclays, which has been out of the RMBS market for four years, is embarking on a US and UK roadshow for an RMBS issued from its Gracechurch platform.