Morgan Stanley legacy Dutch RMBS deal priced
Morgan Stanley closed on Wednesday its Delft 2017 securitization of legacy Dutch nonconforming mortgages, originated by a former Lehman Brothers lender.
The deal was closed on Wednesday evening after sole arranger Morgan Stanley sold notes through to the bottom of the capital structure.The €98.95m ‘A’ notes, with expected triple-A ratings from Standard & Poor’s, Moody’s and DBRS, were priced at a cash discount of 99.86 and a discount ...
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