Investors diving in to Spanish mortgage credit

By David Bell
28 Mar 2017

Investors are eager for Spanish mortgage exposure, with two RMBS deals due to be priced this week.

A status update for Blackstone’s SRF 2017-1 deal, backed by re-performing Spanish mortgages acquired from CatalunyaCaixa in 2015, said that all four tranches on offer were well oversubscribed with the deal expected to be priced on Thursday.

The €248m ‘A’ class has initial price thoughts of 95bp-100bp area, ...

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